Details: We are looking at Minuette wave (iv) reacting of 0.618 (iv) vs. (ii). Looking for a bottom in place to then resume the upside trend in wave (v).

CAT Elliott Wave Analysis Trading Lounge 4Hr Chart,

Caterpillar Inc., (CAT) 4Hr Chart.

CAT Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Sub minuette i of (v).

Direction: Five waves into wave i.

Details: Looking for a micro wave 1-2 in place, looking for further upside into micro wave 3 looking to take off from Minor Group 1 at 330$.

Welcome to our latest Elliott Wave analysis for Caterpillar Inc. (CAT). This analysis delves into CAT's price movements through the lens of the Elliott Wave Theory, aiming to uncover potential trading opportunities based on current trends and market structures. We will examine both the daily and 4-hour charts to provide a thorough perspective on CAT's market behavior.

CAT Elliott Wave technical analysis – Daily chart

In our Elliott Wave analysis of Caterpillar Inc. (CAT), we observe an impulsive trend pattern with a motive structure. CAT is currently positioned in minute wave (v), indicating an ongoing upward trend. The recent price action shows that Minuette wave (iv) has reacted off the 0.618 retracement level of wave (iv) versus wave (ii), suggesting a potential bottom. This reaction provides a signal that CAT might resume its uptrend into minute wave (v), continuing the impulsive sequence.

CAT Elliott Wave technical analysis – Four-hour chart

Technical analyst: Alessio Barretta.

CAT Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD ticks lower following the release of FOMC Minutes

The US Dollar found some near-term demand following the release of the FOMC meeting minutes, with the EUR/USD pair currently piercing the 1.1750 threshold. The document showed officials are still willing to trim interest rates. Meanwhile, thinned holiday trading keeps major pairs confined to familiar levels.

GBP/USD remains sub- 1.3500, remains in the red

The GBP/USD lost traction early in the American session, maintaining the sour tone and trading around 1.3460 following the release of the FOMC meeting minutes. Trading conditions remain thin ahead of the New Year holiday, limiting the pair's volatility.

Gold stable above $4,350 as the year comes to an end

Gold price got to recover some modest ground on Tuesday, holding on to intraday gains and changing hands at $4,360 a troy ounce in the American afternoon. The bright metal showed no reaction to the release of the FOMC December meeting minutes.

Ethereum: ETH holds above $2,900 despite rising selling activity

Ethereum (ETH) held the $2,900 level despite seeing increased selling pressure over the past week. The Exchange Netflow metric showed deposits outweighed withdrawals by about 400K ETH. The high value suggests rising selling activity amid the holiday season.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).