vlad.adrian

CAT - Head and Shoulders

BATS:CAT   CATERPILLAR INC DEL
129 0 0
Here we have a head and shoulders continuation pattern for the big downtrend, a head and shoulders pattern with three shoulders. Over the last 5 months a symetrical triangle has been formed, with price opening under the triangle line today. Close, we have the neckline, and a few dollars below we have the support line from the last low. In my opinion, the big downtrend is going to continue, but the next couple of weeks will offer a better sight of the future.
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