josiason17420

Falling Wedge- Bullish

Long
NYSE:CAT   Caterpillar, Inc
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 ✅