MarketMotion

CAT - 220/225 then going short

NYSE:CAT   Caterpillar, Inc
With the gap higher this morning I had to re-evaluate CAT. It is trading within this megaphone pattern and on the smaller timeframes it should be looking to complete a minor 5 wave sequence into 220/225. From here I will be looking to get short as I believe it has another wave lower towards 180 range.

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