Point and Figure Bearish Catapult

Point and Figure Bearish Catapult

 

A Bearish Catapult occurs when the low box of bar 0 is lower than the low box of bar 2 by one box, bar two is seven boxes or less in height, the high box of bar 1 is lower than the high box of bar three, the low box of bar two is lower than the low box of bar four, and the low box of bar four equals the low box of bar six.


Reference: Kaufman, Perry J.. The New Commodity Trading Systems and Methods. New York, New York: John Wiley & Sons, 1987.