CAT had earnings this morning. I am not sure but I think something was not as expected in the earnings report.
Bearish Rising wedges noted.
A bearish crooked W noted that reached just beyond the 1.414.
Market opened as I type and I see price fell out of the small rising wedge at the top. Rising wedges are valid only after the bottom trendline is broken.
There is a bearish divergence between price action and the oscillator, RSI.
Good luck/No recommendation.
Price is above the .236 of the trend up.
Rectangle below price that may provide support.
Bearish Rising wedges noted.
A bearish crooked W noted that reached just beyond the 1.414.
Market opened as I type and I see price fell out of the small rising wedge at the top. Rising wedges are valid only after the bottom trendline is broken.
There is a bearish divergence between price action and the oscillator, RSI.
Good luck/No recommendation.
Price is above the .236 of the trend up.
Rectangle below price that may provide support.
Consolidation zone that will break one way or the other.