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MarketMotion

CAT - 220/225 then going short

Caterpillar (NYSE:CAT)  
MarketMotion  
NYSE:CAT   Caterpillar
Trend Analysis Chart Patterns Wave Analysis CAT caterpillar
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trendanalysis chartpattern waveanalysis cat caterpillar
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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