FX.co ★ Trading signals for today - May 21 (#CAT)

At the moment, we are witnessing a confirmation of a tertiary signal in the purchase of Caterpillar shares. The preliminary signal was at the moment of intersection of the oscillator line of the Marlin indicator over the zero line (May 7). The second time, it was the price exit over the blue resistance line of the price indicator of the MACD line. The green arrow on the chart indicates the third signal, confirming the second where the price rebounds from the MACD line up. You can also see that the price has reversed from the red line on the chart - this is a balanced price line. When the price is higher than this line, the points for purchases are selected, when the price under it is on sale.

So, we buy #CAT with a target of 175.26, which is the line of 161.8% Fibonacci reaction of the first growth line in April.