POSSIBLE TRADE SET-UPS IN CAT (long & short plays)

[huh]

CAT could be creating a H&S here, and if so, it would create plays for both the long & short side.

If it were to fall down ~05/20 lows & bounce (red arrows; "buy area"), could run as high as the right shoulder test line (green arrow), which coincidentally would fill the recent upside gap (white arrow).

[huh]

CAT hit the forecasted buy area, and putting in a nice bullish reversal candle (green circle).

Short trade over, long trade in play now.

[huh]

Overshot the buy area for a day, but playing out exactly as expected since:

[huh]

Both the short and the long plays went almost exactly as planned. Nearing the top resistance line & top BB. Could go on for a head test, but these set-ups are now complete.

[huh]

Some things look like they might only be getting started...