The shares of Caterpillar Inc., a global manufacturer of construction and mining equipment, are moving within a global corrective trend at 225.00.
On the daily chart, the price is holding within the global Head and shoulders reversal pattern, consolidating below the Neckline of 233.00.
On the four-hour chart, it is clear that the potential for downward dynamics remains high since the quotes have not yet worked out all the targets for the formation, and after consolidation below the local low of 221.00, the decline will resume.
Technical indicators give a sell signal: fast EMAs on the Alligator indicator are actively expanding the range of fluctuations, moving away from the signal line, and the AO histogram is forming corrective bars, falling in the sell zone.