NEO Crypto Price News Today Elliott Wave Technical
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By tradinglounge · Posted
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: Minor 2 of (1). DIRECTION: Bottoming in wave 2. DETAILS: Looking for a three wave move in wave 2 to be soon completed, to then continue higher. DE Elliott Wave Analysis Trading Lounge 4Hr Chart, Deere & Co., (DE) 4Hr Chart DE Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave {c} of C. DIRECTION: Wave (v) of {c}. DETAILS: Looking for equality of {c} vs. {a} at 390$, looking for a Classic Trading Level Pattern around 400$ to then enter long positions. Welcome to our latest Elliott Wave analysis for Deere & Co. (DE), In this report, we provide a detailed examination of DE's price movements and future projections using the Elliott Wave Theory. This analysis will cover both the daily and 4-hour charts, offering insights into the current trends and potential trading opportunities. Whether you are a seasoned trader or a market enthusiast, this analysis aims to enhance your understanding of DE's market behavior. * DE Elliott Wave Technical Analysis – Daily Chart* In our latest Elliott Wave analysis of Deere & Co. (DE), we observe a bullish trend with an impulsive structure. Currently positioned at Minor wave 2 of (1), DE is bottoming in wave 2. We anticipate the three-wave move in wave 2 to soon complete, setting the stage for a continuation to the upside. Traders should watch for signs of this bottoming to prepare for potential long positions as the trend resumes. * DE Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, DE is exhibiting a corrective mode within a flat structure, specifically positioned in wave {c} of C. We are looking for wave (v) of {c} to reach equality with wave {a} at the $390 level. Additionally, we expect a Classic Trading Level Pattern to emerge around the $400 mark. This pattern will provide an opportunity to enter long positions as DE completes its corrective phase and resumes its upward movement. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
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