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DE Elliott Wave Analysis Trading Lounge. Deere&Co., (DE) Daily Chart. DE Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {i} of 3. Direction: Upside into wave 3. Details: Looking at the possibility of a bottom in wave 2 after we reached equality of {c} vs. {a}, and volume seems to be suggesting the bullish case as well. Deere&Co., (DE) 1H Chart. DE Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (v) of {i}. Direction: Upside in wave (v). Details: Looking for some sort of a triangle in wave (iv) to then accelerate higher into wave (v) and complete minute wave {i}. 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 Deere & Co. (DE) appears to have found a bottom in wave 2, following the equality of wave {c} versus wave {a}. This could signal the beginning of wave {i} of 3 to the upside, with volume supporting a potential shift toward a bullish structure. If confirmed, this wave 3 typically marks a strong impulsive move, suggesting further upward momentum. DE Elliott Wave technical analysis – One-hour chart On the 1-hour chart, DE seems to be forming a triangle in wave (iv), which is a common corrective pattern before a final push higher. Once this triangle completes, we expect wave (v) to accelerate upward, completing minute wave {i} of the larger impulsive structure. The upcoming breakout of the triangle could provide the next bullish leg. Technical analyst: Alessio Barretta. DE Elliott Wave technical analysis [Video] Source: https://www.fxstreet.com/news/de-elliott-wave-technical-analysis-video-202411210902

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Filed under: News - @ November 21, 2024 9:25 am