chinawildman

bearish butterfly

Short
NYSE:CAT   Caterpillar
Great setup here w/ a textbook bearish butterfly that has already shown reversal signs at EXACTLY the 1.41 XA which also happens to be its nov 30 top. Should get a crack at a good entry here on a fool's gap up Monday morning.

Looking for quick flip at PT1 but if it breaks channel support or market falls apart will definitely hold on to some for PT2. SL is the recent high at 142.55.
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