Deere & Co. Stocks Elliott Wave Technical Analysis – Thursday, October 17

DE Elliott Wave Analysis Trading Lounge Daily Chart,Deere & Co., (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 1 of (1).DIRECTION: Bottom in wave 2 of (1).DETAILS: Looking for a clear three wave move within wave 2 as we seem to have potentially completed the long lasting correction in Intermediate (4). Deere & Co., (DE) 1H ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {b} of 2.DIRECTION: Downside in wave {c}.DETAILS: Looking for one more leg lower in wave {c} as we seem to be missing one leg in the overall correction in wave 2. 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*On the?daily chart, Deere & Co. appears to have completed a long correction in?Intermediate wave (4). The market is now in the early stages of?Wave 1 of (1), with a potential bottom in place for?Wave 2, marking the end of the corrective phase. A?three-wave move?within?Wave 2?seems evident, signaling that the next impulsive move higher might begin soon.* DE Elliott Wave Technical Analysis – 1H Chart*On the?1-hour chart, DE is currently in?Wave {b} of 2, and it appears that one more leg lower in?Wave {c}?is necessary to complete the overall correction in?Wave 2. This indicates that the downside movement may continue briefly before the market reverses and resumes an upward trajectory once?Wave 2?completes.More By This Author:Unlocking ASX Trading Success: Fisher & Paykel Healthcare Corporation Limited
Elliott Wave Technical Analysis: Euro/British Pound – Thursday, Oct. 17
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Thursday, Oct 17