Hidden inside every chart is a story - a story about where the price has been and where it might go in the future. Some stories are obvious. Others are a little more difficult to figure out.
These stories are told with patterns. Chart patterns are simply defined as pictures or formations made by the price movements of the stocks or commodities you're examining. Numerous studies have repeatedly shown that these patterns have excellent predictive value.
Now you can take advantage of the experience and insight of John Murphy, one of the world's foremost financial analysts, to help take the subjective guesswork out of identifying these classic patterns.
Hunter Smith from MetaStock will show you how to use the John Murphy Chart Pattern Recognition Add-on for MetaStock to identify reversal and continuation patters such as:
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