DE Elliott Wave Analysis Trading LoungeDeere&Co., () Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: 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 ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: 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 – 1H 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 BarrettaMore By This Author:
Elliott Wave Technical Analysis – Deere & Company
