Caterpillar
Updated

CAT watch $308 above 302 below: Major fibs define range to break

166
CAT just released Earnings report with small "miss".
Price oscillating between major fibs $301.97-308.82
If Bull, look for a pop to tight zone $325.49-326.16

Trade active
BOOM. Target Hit!
snapshot
(yellow shaded area is from posting time on)

,

Zoom in (M15) for a closer look:
snapshot
The Covid fib at $308.82 was tested from underside.
Then a break and POP as expected, to next Covid fib.

.

Zoom in more (m1)
snapshot
Good recognition of the fibs up here.
I am closing 25% of the long position here.
We should get a pullback from this zone.

==================================================

.
Trade closed: target reached
Wham Bham thankya Mham snapshot All four TP's hit, 37% on the last porion.

.

Another PERFECT trade with CLEAR entry/exits given by the FIBS.
Hit BOOST and FOLLOW for more such PRECISE and TIMELY charts.

==================================================

.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.