In early 2014 Caterpillar broke up the triangle on a weekly chart and tested the upper boundary of a multi-year corridor of 112$. Thereafter, prices started to correct.
Prices fell below 100$ and tested the level of 90$ in October, then rebounded above 100$. Lower point of a correction pattern and an uptrend formed on the chart.
Closing below 102$ formed a signal to buy with the target of 112$.
Stop loss – closing below 100$
Prices fell below 100$ and tested the level of 90$ in October, then rebounded above 100$. Lower point of a correction pattern and an uptrend formed on the chart.
Closing below 102$ formed a signal to buy with the target of 112$.
Stop loss – closing below 100$