memory-of-price strategy

Definition

The strategy for trading in which double top and double bottom resistance points are believed to influence future prices once they are broken. The strategy dictates that the price will revert to pre-support or pre-resistance levels after being broken. The strategy stems from the theory that a great amount of buying or selling is necessary to exceed or fall below the previous double top or double bottom.

Featured Advertiser

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
memory-of-price strategy men's underwear index