Falling Wedge- Bullish - Update
Updated
Nice falling wedge on CAT here along with some slight bullish divergence on the RSI. Will be watching CAT closely here for a breakout from this wedge (Broader Market Conditions Permitting). Definitely worth noting that CAT is a relatively slow mover so likely will be a longer-term play. Bullish- just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on in the meantime. -Previous Charts are attached below-
- Falling Wedge
- EMA's converging & starting to curl upwards
- Bollinger Bands starting to squeeze (Not Pictured)
- Slight Bullish Divergence on the RSI (Not Pictured)
- MACD Golden Cross
- Buyer volume picking up to seller volume
PT1- $207.79
PT2- $208.61
PT3- $210.79
PT4- $211.34
--Previously Charted--
https://www.tradingview.com/i/BNQ6sy3p/
- Falling Wedge
- EMA's converging & starting to curl upwards
- Bollinger Bands starting to squeeze (Not Pictured)
- Slight Bullish Divergence on the RSI (Not Pictured)
- MACD Golden Cross
- Buyer volume picking up to seller volume
PT1- $207.79
PT2- $208.61
PT3- $210.79
PT4- $211.34
--Previously Charted--
https://www.tradingview.com/i/BNQ6sy3p/
Note
PT1 Reached ✅Trade closed manually
All Price Targets Reached ✅
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