CAT - Bearish
provides a good short setup here being rejected at the top of the bearish channel twice signaling a double top. Looking for a break lower towards 196/197 area. Below orange line would likely confirm a C wave down inside the ABC corrective wave towards 177/180. Supply zone at 209.50/210 with 211.51 being the 1.618 extension level if this crawls a little higher early in the week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.