PDSnet Glossary

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Definition

<p style="text-align: justify;">A <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">formation</span> usually associated with <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">point & figure</span> charting where the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">chart</span> makes a <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">triple top</span>, breaks above that top and then forms a <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">double top</span> at a higher level - and breaks above that. This is an extremely <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">bullish</span> formation and portends a strong <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">upward trend</span>. The two <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">upside</span> <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">breakout</span>s are said to "catapult" the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">share</span> <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">price</span> upwards.</p>