Deere and Co. (DE) Elliott Wave technical analysis [Video]
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DE Elliott Wave Analysis Trading Lounge Daily Chart, Deere&Co., (DE) Daily Chart. DE Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Minute wave {iii}. Direction: Downside in wave {iii}. Details: Looking for further downside into minute wave {iii} of C. There is a possibility we are in some sort of a complex correction in higher degree wave (4), still looking for downside completion. DE Elliott Wave Analysis Trading Lounge 4Hr Chart, Deere&Co., (DE) 4Hr Chart. DE Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (iii) of {iii}. Direction: Downside in wave (iii). Details: Looking for at least equality of (iii) vs. (i) to be reached at 334$, and 1.618 (iii) vs. (i) stands at 300$. Welcome to our latest Elliott Wave analysis for Deere & Co. (DE) as of July 11, 2024. This analysis provides an in-depth look at DE’s price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on DE’s market behavior. DE Elliott Wave technical analysis – Daily chart The daily chart indicates that DE is expected to continue its downward movement into Minute wave {iii} of C. There is a possibility that DE is experiencing a complex correction in a higher degree wave (4). Nonetheless, the primary expectation remains further downside until the completion of wave {iii}. DE Elliott Wave technical analysis – Four-hour chart The 4-hour chart shows that DE is targeting at least the equality of wave (iii) vs. wave (i) at $334. Furthermore, the 1.618 extension of wave (iii) vs. wave (i) stands at $300. These levels provide important targets for the current wave structure, indicating potential areas of support where traders should watch for reactions. Technical analyst: Alessio Barretta. DE Elliott Wave technical analysis…
Filed under: News - @ July 11, 2024 11:16 am