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Caterpillar
Long

CATERPILLAR (CAT) Flag Breakout & Bullish Continuation

824
snapshot

hey guys,

on a mid-term perspective caterpillar is trading in a bullish trend.
at the beginning of June, the correction started and for the last two weeks the price was steadily going down within a falling channel
but NOW it looks like the market is returning to a trend.

the price broke above a resistance line of a bullish flag formation.
the breakout is considered to be confirmed and we now can expect a further bullish continuation.

target levels:
128.8
131.5
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Chart PatternsDAX IndexdowjonesS&P 500 E-Mini FuturesindexesNASDAQ 100 CFDnasdaqS&P 500 (SPX500)StocksTrend AnalysisUS30Wave Analysis

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Chart PatternsDAX IndexdowjonesS&P 500 E-Mini FuturesindexesNASDAQ 100 CFDnasdaqS&P 500 (SPX500)StocksTrend AnalysisUS30Wave Analysis
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

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.