Deere & Co. (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave 2 of (5)
DIRECTION: Upside in 3DETAILS: 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 ChartDE Elliott Wave Technical AnalysisFUNCTION: 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 ChartOn 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 ChartIn 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.More By This Author:Neo Crypto Price News Today Elliott Wave Technical Analysis – Thursday, September 12
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