The post Deere & Co. (DE) stocks Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com.

DE Elliott Wave Analysis Trading Lounge. Deere & Co., (DE) Daily Chart. DE Elliott Wave Technical Analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 2 of (5). Direction: Bottom in wave 2. Details: We are looking at a bottom in wave (4) in place at around 330$, with a correction that has lasted a couple of years. As we broke above 400$, we could see further upside to confirm the bullish bias. Deere&Co., (DE) 1H Chart DE Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {c} of 2. Direction: Downside in wave {c}. Details: Looking for another leg lower in wave {c} of 2 as we seem to be having a three wave move in wave 2, which keeps finding support on top of MediumLevel 400$. This Elliott Wave analysis of Deere&Co., (DE) outlines both the daily and 1-hour chart structures, highlighting the current trends and possible future price movements. DE Elliott Wave technical analysis – Daily chart The daily chart indicates that wave (4), a long-term correction spanning a couple of years, has likely completed around $330. After breaking above the critical resistance at $400, there is a growing bullish bias that suggests the beginning of wave (5). As the market confirms this breakout, we could anticipate further upside in the long-term impulsive structure. Continued moves above $400 will solidify the bullish trend and target higher levels in wave 3 of (5). DE Elliott Wave technical analysis – One-hour chart The 1-hour chart suggests that the correction within wave 2 is still unfolding, with a three-wave corrective structurelikely forming. Specifically, wave {c} of 2 is expected to bring another leg lower, testing support levels around MediumLevel 400. This area has acted as a solid support zone during the correction, and the next downside move in wave {c} will determine whether the correction is near completion. Technical analyst: Alessio Barretta. DE Elliott Wave technical analysis [Video] Source: https://www.fxstreet.com/news/deere-co-de-stocks-elliott-wave-technical-analysis-video-202411071151

---

Filed under: News - @ November 7, 2024 12:24 pm