P&F Bullish Catapult 5 18 2017
A Bullish Catapult forms with an initial breakout, a short pullback and a second breakout. While the ideal Bullish Catapult starts with a Triple Top Breakout, Quadruple Top Breakouts or Multiple Top Breakouts are also possible. After the initial Triple Top Breakout, prices reverse and move back into the pattern. The initial breakout or resistance break is usually just 1-3 boxes. Prices move high enough to break resistance and there is not much upside after the initial breakout.