26Jan
Deere & Co., Elliott Wave Technical Analysis 26 January 2023
Deere & Co., Elliott Wave Technical Analysis 26 January 2023
4Hour
Deere & Co., DE: 4-hour Chart, January 26 2023,
Deere & Co., Elliott Wave Technical Analysis
DE Stock Market Analysis: It looks like we have a clear five wave move in wave {i} which sets us up for a three wave pullback. The highlighted area represent the gap on the left to be filled, which is also at equality of (a) vs. (c).
DE Elliott Wave count: Wave (b) of {ii}.
DE Technical Indicators: support on the 200EMA
DE Trading Strategy: Waiting for wave (c) to then enter short.
Daily
Deere & Co., Elliott Wave Technical Analysis
Deere & Co., (DE:NYSE): Daily Chart, January 26 2023,
DE Stock Market Analysis: As we mentioned last week, it looks like we have a top in place for wave (B) and we are resume lower, or at least facing a large retracement.
DE Elliott Wave Count: Wave {i} of 1.
DE Technical Indicators: Below the 20EMA.
DE Trading Strategy: Looking for a pullback in wave {ii} to then enter shorts.
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