Caterpillar Wave Analysis – 2 April 2025

Caterpillar: ⬆️ Buy

– Caterpillar reversed from the support area

– Likely to rise to the resistance level 350.00

Caterpillar recently reversed up from the support area between the key support level 318.00 (which has been reversing the price from the start of 2024), lower weekly Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.

The upward reversal from this support area stopped the earlier impulse wave C of the weekly ABC correction (4) from last year.

Given the clear weekly uptrend, Caterpillar can be expected to rise to the next resistance level 350.00.

Source: https://fxpro.news