Hello everyone, we have two patterns: the first one being bullish crab (blue pattern)
: the second one is gartley (potentially not valid as of now)
The blue one might still be intact on the other hand we have potential pattern (pink). We can catch the C leg towards the D leg, depending on one's liking....
CAT is on risk of both long term and short term downtrend.
On long term basis, price is trading below lower 1st standard deviation from 5-year mean (at 80), risking a downtrend on 5-year basis.
Price has also broken below 10-year mean (at 77), so it has no major support there - and is free to go down.
On short term basis, price ii trading below both 1st standard...
CAT broke through the 85.81 range high (February 18, 2015) to complete a 3-month double bottom at 78.81/78.25 before consolidating. The bullish indicators suggest there is scope for further upside. A swing low above the 83.09/81.54 support zone remains favored ahead of further strength through 87.50 (April 23, 2015 high) to open 89.28 (January 8, 21015 lower...
I am showing you a weekly chart that I might keep updated as market action warrants but to get a better idea of my view on CAT, have a look the monthly chart using the link here below.
The bottom line is I think CAT is heading towards 72 to end wave C of a large bullish triangle. So choppy down for a while
CAT has the potential to be unfolding in a very large bullish triangle. I am not holding the outlook with blood in my hand but it is a structure to keep an eye on as it might help us to be on the right side of the market. Furthermore, if indeed CAT is moving sideways for a while, we know that triangle precede the last move implying two things: we might have a...
Hello all,
if you are a bottom picker here is an interesting options play in the energy market on nothing more then a natural 'dead-cat-bounce'. I can make a realistic argument for $20 on UCO. This would be nothing more then a normal 38.2 Fib tag, gap fill and a bfrn tag (markets just love to run to big fat round numbers). I would expect this dead-cat-bounce to...
Some potential RSI/Stochs divergence short term. Could be an indication that momentum weakens and CAT trades sideways to neutral IF CAT makes it to $81.89 - could be great for put sales. '
Newsome is calling for a GAP UP on CAT on earnings
The ABC correction from the 305 top has finished off exactly as predicted, see chart. After the bottom of C, the downtrend resumed and touched down on the (minor) 266 support. Of course a rebound was to be expected as prices don't move straight down or up.
Now we are looking at a bearish wedge forming with a possible break down sometime tomorrow, or wednesday at...
In my quest, I am looking for Mr Dead Cat the First, the very first short recovery or dead cat bounce which might be signal to us the confirmation of the continuation of a major Bear Market. As illustrated in the previous crashes, we see that almost uncanny similarities when using the Commodity Channel Index as an indicator to predict start and end of...
Caterpillar just broke down through its 200 day moving average for the first time since January.
Last time was a buying opportunity...
...Is this time different?
The daily Williams %R remains below -20; this indicates negative pressure.
If $CAT can't hold above ~$98 then it could fall to $92.19 and then ~$90.
This construction mashinery company entered into strong uptrend since December 2013 after it broke up major consoldation resistance in the mid $80ish area.
Now stock with the whole sector ($MTW, $TEX, $DD, $JOY) showing relative weaknes vs broad market.
I use my 8 and 21 EMA to measure short term sentiment ant to make adjustments if i am positioned. It dropped...
