Identifying price floors and ceilings.

John J. Murphy's " Technical Analysis of the Financial Markets

is widely considered the "bible" of technical analysis, providing a comprehensive foundation for understanding price action, market psychology, and chart-based trading strategies. TraderLion Accessing the Full Content

Murphy insists: A daily chart shows the primary trend, an hourly chart the secondary trend, and a 5-minute chart the noise. A corrupted PDF might cut off the comparison charts.