The Strength of Bearish Resistance Lines

May 4, 2015 by Thomas Mullooly

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 success.

In this video, Tom shares a text book example of a strong bearish resistance line. By following along with him on the screen, you’ll gain a clear understanding of the resistance line’s importance.

Make sure to watch our previous video where we cover additional bearish resistance line basics here: https://mullooly.net/what-is-a-bearish-resistance-line/8073

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.