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jacobosiason7

Falling Wedge- Bullish

Long
Caterpillar (NYSE:CAT)  
jacobosiason7 Updated   
NYSE:CAT   Caterpillar
Trend Analysis Chart Patterns Technical Indicators support_and_resistance supply_and_demand Bullish Patterns breakout falling Wedge symmetrical_triangle gap_fill swingtrading
4
2
trendanalysis chartpattern indicator support_and_resistance supply_and_demand bullish breakout falling wedgepattern symmetrical_triangle gap_fill swingtrading
Big falling wedge on CAT here after breaking below the symmetrical triangle it was previously holding, big gap to fill on the upside, and some slight bullish divergence on the RSI. Watching CAT closely here for a breakout from this wedge (Broader Market Conditions Permitting). Bullish- just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on. CAT is a relatively slow mover so likely will be a longer-term play-

PT1- $193.95
PT2- $199.72
PT3- $200.08 (Gap Fill) + Breakout
Comment:
PT1 reached ✅
Comment:
All Price Targets Reached + Breakout ✅
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