09 — TECHNICAL ANALYSIS EVOLVES

Over time, traders developed more structured ways to study price.

They began studying:

• Trends

• Support and resistance

• Breakouts

• Reversals

• Momentum

• Volume

• Patterns

• Market cycles

Charles Dow's work in the late 19th century also became an important foundation for what later became known as Dow Theory and modern technical analysis.

The market was becoming something traders could study systematically.