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Caterpillar_trade

Caterpillar: Countertrend ActionCaterpillar’s green wave has further room to run. However, this rise represents only an internal countertrend – the broader correction in beige wave IV is still ongoing. Under our primary scenario, we expect the price to form another low before launching into a sustained advance, which should ultimately push above resistance at $409.40. Meanwhile, our alternative scenario—carrying a 38% probability—suggests that beige wave alt.IV has already bottomed. If that’s the case, the correction is complete, and a direct breakout above $409.40 could follow. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
NYSE:CAT
by MarketIntel
Caterpillar: Progress!Caterpillar has successfully fallen below the $318.68 level, marking an important step in our primary scenario. There is a 32% probability that we have already seen the low of wave alt.IV in beige, which would allow the price to move directly above the resistance at $386.48 from here. However, due to the price structure, we assume that the regular wave IV in beige still requires a new low before the next rise is scheduled. Once this important bottom of wave IV is found, there is ample potential on the upside.
NYSE:CAT
by MarketIntel
Caterpillar: Digging DeeperOur forecast for Caterpillar suggests that the green wave is currently being developed. We reckon with further price drops in the short term before the beige wave IV can conclude. The pending low should then initiate a trend reversal, which should enable an upward move above $402.16. However, in the context of our 35% probable alternative scenario, the trend would reverse earlier. In this case, the beige wave alt.III would form a new high above $402.16.
NYSE:CAT
by MarketIntel
1
CAT appears to be starting to digCAT as a blue-chip industrial is not a fast mover- it is best suited for options traders or investors. On the 4 H chart, CAT rose from the lows on a trend up from last November through this February. It then descended in a retracement about a 50% Fibonacci extent to its present value. It is now at the POC line of the volume profile for support and is near to the mean anchored VWAP line. RSI is above 50. I see this as an excellent long trade setup given that other sectors may be cooling off there may be plenty of money looking for a new home. The volume indicator shows steadily rising volumes. The stop loss is the line of one standard deviation below the the mean VWAP while the target is the even dollar immediately below the ceiling of the supply / resistance zone of the Luxalgo indicator. This seems to be a reasonable position to diversify from techonolgy which seems to be a bit overextended.
NYSE:CATLong
by AwesomeAvani
Caterpillar: At site 🚧Caterpillar is at site, working on wave (2) in magenta, which should lead further downwards into the magenta-colored zone between $198.40 and $171.37. From there, the share should turn upwards again, climbing above the resistance at $266.04. However, there is a 34% chance that Caterpillar could slip through the magenta-colored zone and drop below the support at $160.02. In that case, we would expect the share to develop a new low in the form of wave alt.2 in green first before heading upwards again.
NYSE:CAT
by MarketIntel
CAT Swing Long ReversalCAT has a downtrend 10% from its 30-day high. However, fundamentally the industrial is holding up quite well. The downtrend was inverse parabolic accompanied with an appropriate volume pattern showing 3X relative volume This is sometimes called the retirement trade pattern or V-type pattern. CAT has dropped to three standard deviations below the anchored VWAP / This makes it undervalued well below fair value. I see this as a good setup for a long swing trade or a call options contract with the expectation of a 50% retracement of a 10# drop or a 5% price target For the call options I will target the anchored VWAP at a strike of $243 about 12 DTE.
NYSE:CATLong
by AwesomeAvani
Adam Eve Cup of Tea! I see a nice break of this flag range, Im feeling a stretch punch after this nice W formation with a possible cup but from there we need to be caution around tp1 & tp2. A horizontal range can begin around the caution orange circles. Orange eye represents us to be watchful. It seems on the hourly we are expanding and collecting orders in order to get that next push up. It is possible to revisit the purple horizontal line depending on fundamentals. Price is holding above red ribbon Should CAT go bearish upon tp1 zone and go bearish around spring through fall of next year, I feel it will be the last time we visit 100 for a long time and we will make our way to 200. This would give us an ABCD pattern breaking the daily low @ purple circles. Orange - watchful Red - Sellers are watching Blue - Buyers are watching As long as we stay above 142.00 I see us staying bullish. A break below that will take us to a 140 retest and buyers will be watching for impulses. This kind of scenerio would create an INV head&shoulder formation on the daily and have the onion effect of a slanted version on weekly marked by the green shoulder circles and take us to the 78-88% fib correction zone where "head" formations can form. This would also lead into a new flag formation outside the daily flag range we just broke out of creating a new trend. As always please trade safely, manage risk, peace. love. trade.
NYSE:CATLong
by AschraM