TradingLounge Daily Chart – CAT Elliott Wave Forecast

Caterpillar Inc – CAT Elliott Wave Daily Chart Forecast

Caterpillar Inc. (CAT) Elliott Wave Forecast & Technical Analysis

Function: Trend Identification

Mode: Motive Wave

Structure: Impulsive Wave

Position: Wave (iv) of Minute Wave {iii}

Direction: Projected Upside Continuation into Wave (v)

Details: Wave (iv) appears nearly complete based on current market structure. The impulsive nature of wave {iii} signals potential upward continuation into wave (v). The long-term uptrend for Caterpillar Inc. (CAT) stock remains intact.

1-Hour Chart – Elliott Wave Forecast

Function: Short-Term Trend Analysis

Mode: Motive Wave

Structure: Impulsive Wave

Position: Wave c of (iv)

Direction: Likely Bottoming in Wave c

Details: One more downward leg in wave c is anticipated. Strong support is expected near the $350 level. A bullish reversal from this zone would confirm wave (iv) completion, opening potential upside toward $380—aligned with the MinorGroup2 resistance target.

Technical Analyst: Alessio Barretta

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