Shares of Caterpillar Inc., a global manufacturer of construction and mining equipment, are trading in a global corrective trend at 235.00.
On the daily chart, a global pattern Expanding formation with dynamic boundaries 155.00–252.00 forms, within which the price has almost completed the formation of another growth wave and is now consolidating near the resistance line around 240.00.
On the four-hour chart, the potential for upward dynamics remains, as evidenced by the development of a narrow corridor between 225.00–240.00, which can work as a Flag trend continuation pattern, in which case continued growth will be the most likely scenario.
Technical indicators hold a global buy signal: fast EMAs on the Alligator indicator narrow the range of fluctuations above the signal line, and the AO oscillator histogram forms downward bars in the buying zone.