Caterpillar: Bearish Trend Likely

23 1 6
Most time horizon charts for-CAT are very negative. Here are my top ten reasons why:
1. There has been a sagging in price structure.
2. Sell Fractal (10-21-2016).
3. The top middle indicator is a 13 interval momentum of phase energy, and this is negative, below the zero line.
4. The top indicator is a 34 interval momentum reading of the CAT-price (OHLC /4). This is weak, below zero, heading lower.
5. Chop (under chart) is in the heading lower, indicating a STRONG DOWN MOVE is likely to develop. It is not a sell signal yet, but I think it will be.
6. Chop zone (under chop) is red, indicating a downward trend. This is a sell signal.
7. The red conversion line of the Ichimoku Cloud is heading lower. This is a sell signal.
8. The black baseline line of the Ichimoku Cloud is heading lower. This is a sell signal.
9. Prices are trading below the Ichimoku Cloud conversion line and baseline. This is a sell signal.
10. Prices have sagged into the cloud. This is a signal that the up-trend has stalled.

Caterpillar is set to release its earnings today. The setup is suggesting lower prices.
Note: the daily chart indicates the forward projection (looking out 26 days), as negative.
On a one hour chart the price structure is BELOW the previous 233 interval moving average.

Good luck to you in all your trades. Don.

I recently decided to follow you. It is because, you have found the same indicators that I use, extremely useful. (Williams & Ichimoku) I am also enthralled with the way you manipulated those indicators to get an even more clear picture. It would be great if I could use those same indicators in my analysis of the stocks that interest me.. Of course I am using tradingview. Do you have a template of your indicators to share. I know this is asking a lot, so I understand if you can't do that. If you can my email address is:

Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out