CAT lesson - Open was Bullish & End was BearishYou need to understand that price action always comes back to 20 moving average or middle of Bollinger Indicator. When anything is overstretched, like a rubber band and let go, it will come back to normal or back in balance. No price action can continue to either go up and/or down for long, that is why oversold and/or overbought areas are very important, in your trading.
*IF you were all in buying CAT at beginning of today and did not understand this LESSON, you would have took a huge loss of $15.00 per share. Be flexible and understand price action and trust both your EYES and charts, they will tell you were they are going in the future.
