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Abu-Sushi
Oct 4, 2020 5:36 PM

CATERPILLAR INC path and direction 

Caterpillar, Inc.NYSE

Description

Hello everyone
In march 2020 we have a possible big uptrend channel
In may 2020 we started a small uptrend channel and so far price is respecting this channel trend lines
In august 2020 price has broken the downtrend from march and retested and price went higher respecting this small uptrend channel
our plan is to watch price action inside this small channel
However daily close below lower of the small uptrend channel trend line will drop price to next support zone
I like the zone inside the cube ( broken downtrend line we might test it again , lower trend line of the possible big uptrend channel which touches twice )
for any question feel free to ask :)
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