06 — WHEN TRADERS STARTED STUDYING PRICE

As markets became more developed, traders began asking:

“Can previous price behavior help us understand what may happen next?”

This question helped create the foundation of technical analysis.

Instead of only asking:

“What is the company worth?”

traders increasingly studied:

• Price

• Trend

• Highs

• Lows

• Repeated patterns

• Market behavior

• Volume

The idea was simple:

Price leaves information behind.

And traders began learning how to read that information.