MEMORY-OF-PRICE STRATEGY
A trading strategy in which the support and resistance points of double tops and double bottoms influence future price after it have been broken. The strategy postulates after support or resistance has been broken and most of stops have been cleared, the price will go back to its support and resistance levels.
Memory-of-price strategy is based on the theory that it will take a very huge amount of buying or selling to overpass the previous range of the double top or double bottom, respectively.
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