📊 John Murphy – Technical Analysis and Understanding Indicators

John Murphy is one of the prominent founders of modern technical analysis.

His famous book "Technical Analysis of the Financial Markets" has become a global reference for traders.

His philosophy is simple:

> "Price reflects everything."

This means all news, forecasts, and sentiments... all show up in price movement.

He relied on tools such as:

Trends (Trendlines)

Moving Averages

Momentum indicators like RSI and MACD

Support and Resistance

John Murphy also believed in the principle of "trend confirmation," meaning you shouldn't rely on a single indicator, but wait for multiple signals to confirm the trend.

A practical example?

If the price is above the moving average and RSI is in an upward direction, that is a good confirmation that the trend is upward.

The important lesson?

Understand the tools before using them, and base your decisions on cross signals, not a momentary feeling.

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