Details: Looking at the possibility of a bottom in wave 2 after we reached equality of {c} vs. {a}, and volume seems to be suggesting the bullish case as well.

Deere&Co., (DE) 1H Chart.

DE Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Wave (v) of {i}.

Direction: Upside in wave (v).

Details: Looking for some sort of a triangle in wave (iv) to then accelerate higher into wave (v) and complete minute wave {i}.

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

Deere & Co. (DE) appears to have found a bottom in wave 2, following the equality of wave {c} versus wave {a}. This could signal the beginning of wave {i} of 3 to the upside, with volume supporting a potential shift toward a bullish structure. If confirmed, this wave 3 typically marks a strong impulsive move, suggesting further upward momentum.

DE Elliott Wave technical analysis – One-hour chart

On the 1-hour chart, DE seems to be forming a triangle in wave (iv), which is a common corrective pattern before a final push higher. Once this triangle completes, we expect wave (v) to accelerate upward, completing minute wave {i} of the larger impulsive structure. The upcoming breakout of the triangle could provide the next bullish leg.

Technical analyst: Alessio Barretta.

DE Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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