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 charting pattern. It’s indicative of higher prices in the future. Although nothing is guaranteed, this pattern tends to act as a “catapult” by launching securities to higher prices.
Tom shares an example of a recently completed (04/24/15) bullish catapult pattern. He breaks down the action on the point and figure chart by explaining the pattern and highlighting each step. As a reminder: the bullish catapult contains a triple top buy signal and a double top buy signal within it.
Don’t miss a great chance to see a recently completed bullish catapult pattern.