The Strength of Bullish Support Lines Support lines tend to act like brick walls. We learned that from our friend and point and figure charting expert Tom Dorsey. This has proven to be true time and time again. On this video, Tom shows the bullish support line’s power through an example. Brendan described how the… [Read More] The Strength of Bullish Support Lines
Technical analysis is a skill that we use everyday at Mullooly Asset Management. This category page is designed to educate individuals on some of the basics of technical analysis, specifically point and figure charting.
Bearish Resistance Lines Part II What is a bearish resistance line? It’s a very important element of any point and figure chart. Bullish support lines and bearish resistance lines help us to identify a security’s trend. Knowing whether a potential investment is in a positive or negative trend can help us determine its odds of… [Read More] The Strength of Bearish Resistance Lines
Bullish Catapult Part II In this video, Tom shares a real life example of a point and figure pattern known as the bullish catapult. If you haven’t already, we recommend checking out Brendan’s explanation of the pattern here: https://mullooly.net/what-is-a-bullish-catapult/7972 To review, the bullish catapult is, as you could likely guess, a positive point and figure… [Read More] The Bullish Catapult: A Real Life Example
The Shakeout Pattern Part II Here at Mullooly Asset Management, we love the shakeout pattern! Not familiar with the point and figure charting pattern we’re referencing? No problem, Tim explains the basics in another video you should watch: https://mullooly.net/the-shakeout-pattern/8056 Now that you’re up to speed, we’ll explain what’s so great about the shakeout pattern. This pattern typically… [Read More] We Love the Shakeout Pattern
Bearish Signal Reverse In this video, Tim explains a point and figure charting pattern called the bearish signal reverse. Don’t jump to conclusions about this pattern because despite the word “bearish” being in its name, this is a very bullish pattern. While we don’t see this pattern frequently, it is a strong and successful one… [Read More] The Bearish Signal Reverse
Triangle Formation In this video, I explain the triangle formation. This pattern can be both bullish and bearish, which makes it particularly interesting. In point and figure charting, the triangle formation’s looks are true to its name. To put it plainly, you’ll be able to see a clear triangular shape on the security’s chart. A… [Read More] The Triangle Formation