649bruno
Short

CAT: Sell Signals, Part 2, Bearish Alt Pattern Completed

NYSE:CAT   CATERPILLAR INC DEL
17 0 2
This is part two for CAT. In part one we highlighted a five wave (and a-b-c corrective wave) harmonic pattern .
In the above chart I am showing you a completed bearish Alt Bat pattern .
Both parts one and two are in the same time horizon. I am trying to illustrate different ways of constructing harmonic patterns .
Elliott waves can be of short, intermediate, and longer range time durations.
The point I am trying to make is there are many negative indicators currently in effect for CAT. In my opinion, this stock is heading lower.
I would like to close with a quote from Mark Twain:
“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed.”
I hope this has been entertaining, helpful, and informative. I hope all of your trades go well. Don.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out