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Deere & Co.(DE:NYSE) Elliott Wave Technical Analysis 26 January 23


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Deere & Co.,Elliott Wave Technical Analysis

Deere & Co.,(DE:NYSE): Daily Chart, 26 January 23,

DEStock Market Analysis:As we mentioned last week, it looks like we have a top in place for wave (B) and we are resume lower, orat least facing a large retracement.

DEElliott WaveCount:Wave{i} of1.

DETechnical Indicators:Below the 20EMA.

DETrading Strategy:Looking fora pullback in wave {ii} to then enter shorts.

TradingLounge Analyst: Alessio Barretta

DE_1_26.png.2089d8b138ba27812b20c51916f2d589.png

 

 

 

Deere & Co., DE:4-hour Chart, 26 January 23,

Deere & Co.,Elliott Wave Technical AnalysisDEStock Market Analysis:It looks like we have a clear five wave move in wave {i} which sets us up for athree wave pullback. Thehighlighted arearepresent the gap on the left to be filled, which is also at equality of (a) vs. (c).

DEElliott Wave count:Wave (b) of {ii}.

DETechnical Indicators:support on the 200EMA

DETrading Strategy:Waiting for wave (c) to then enter short.

DE_4H.png.ad674f18601ffaecb5a16f28dd8d03dc.png

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