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By tradinglounge · Posted
Deere & Co. (DE) Daily Chart DE Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 2 of (5) DIRECTION: Upside in 3 DETAILS: We are analyzing the potential bottom of a prolonged wave (4), as DE has approached the $400 level. We expect further upward movement to confirm the overall bullish bias. DE Elliott Wave Analysis Trading Lounge 1H Chart, Deere & Co. (DE) 1H Chart DE Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 3 DIRECTION: Upside in wave {iii} DETAILS: In this shorter time frame, we are exploring the possibility that wave 2 is complete and that DE is moving higher. We can clearly identify a three-wave correction in wave 2, and the increasing volume during the upward move confirms the potential for further upside in wave {iii}. Welcome to the Elliott Wave Analysis for Deere & Co. (DE). This analysis offers an in-depth look at DE's price action using Elliott Wave Theory, helping traders to make informed decisions based on current market structure. We will break down both the daily and 1-hour charts to provide a comprehensive outlook. DE Elliott Wave Technical Analysis – Daily Chart On the daily chart, Deere & Co. is displaying an impulsive trend. DE is currently in Wave 2 of Intermediate wave (5). There is a potential for a bottom formation in Wave (4) around the significant $400 support level. This zone is critical for confirming the expected upward trend. DE Elliott Wave Technical Analysis – 1H Chart In the 1-hour chart, Deere & Co. is progressing in Wave {i} of 3, indicating the beginning of an impulsive upward movement. The recent corrective Wave 2 seems to have concluded, as the chart shows a clear three-wave structure. The increase in trading volume during this upward move strengthens the possibility that DE has entered Wave {iii}, often the strongest and most dynamic phase of an impulsive wave. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
TATA MOTORS – Daily Chart Analysis Elliott Wave Technical Analysis Function: Counter Trend (Minute degree, Navy) Mode: Motive Structure: Potential Impulse within a larger degree corrective wave Position: Minute Wave ((iii)) Navy Details: Minute Wave ((iii)) Navy progressing lower within Minor Wave 1 or A against 1145-50. Invalidation point: 1145-50 Elliott Wave Analyst: Harsh Japee TATA Motors Daily Chart Technical Analysis and Potential Elliott Wave Counts: The wave structure of TATA Motors seems to be changing since the last week's update, with the stock breaking below the 1011 interim support. An alternative scenario might be unfolding with Intermediate Wave (5) Orange now likely complete around the 1180 high. Since the lows registered in December 2022, around the 375-80 range, the stock has rallied, subdividing into an impulse. Intermediate Wave (5) might have ended, and the stock remains under control as long as it stays below 1180. The Elliott Channel resistance has remained slightly below the 1180 level. If the current wave structure holds, TATA Motors is expected to stay under 1180 and move lower towards the 850-55 zone. This movement would signify the end of Minor Wave 4, indicating a potential deeper correction ahead. TATA MOTORS – 4H Chart Analysis Elliott Wave / Technical Analysis Function: Counter Trend (Minute degree, Navy) Mode: Motive Structure: Potential Impulse within a larger degree corrective wave Position: Minute Wave ((iii)) Navy Details: Minute Wave ((iii)) Navy progressing lower within Minor Wave 1 or A against 1145-50. Target: 855 in the medium term Invalidation point: 1145-50 TATA Motors 4H Chart Technical Analysis and Potential Elliott Wave Counts: The TATA Motors 4H chart has been adjusted accordingly, indicating that Wave (5) may have terminated around the 1180 high, which was registered on July 30, 2024. Additionally, Minor Wave 5 Grey could have subdivided into five waves, leading to its termination near 1180. Minute Waves ((i)) and ((ii)) have likely completed around the 1011 and 1045-50 range, respectively. If this analysis holds, the price should drop towards the 850 level as Minute Wave ((iii)) Navy progresses, while staying below the 1145-50 range. Conclusion: TATA Motors could be moving lower within Minute Wave ((iii)) Navy of Minor Wave 1 Grey, against the 1145-50 level. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here! -
By Cryptowarrior · Posted
The cryptocurrency market is experiencing renewed selling pressure, and Dogwifhat (WIF) has felt the impact with an 8% price drop. Futures Open Interest Decline WIF’s Futures Open Interest has dropped 10% in the past 24 hours, indicating traders are either liquidating positions or hesitant to enter new ones. Currently, 53.4% of top traders hold short positions, while 46.6% are long. Bearish Sentiment Source : Coinglass The Long/Short Ratio for WIF is at 0.87, its lowest since August 2024. A ratio below 1 signals bearish market sentiment. Market Impact This decline follows a period of recovery, emphasizing ongoing challenges for WIF. At the time of writing Dogwifhat was trading at $1.56 with 0.38 dip in last 24 hours as per coinpedia markets data. WIF’s recent performance highlights cautious trader sentiment and declining open interest. For a full price prediction and further insights, read our complete analysis below.
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