Elliott Wave Technical Analysis: Deere & Co. - Wednesday, August 9

By Peter Mathers of Trading Lounge

Wednesday, August 9, 2023 9:14 AM EST

Deere & Co., Elliott Wave Technical Analysis

Deere & Co., (DE): Daily Chart 9 August 23

DE Stock Market Analysis: Looking for upside into potential wave (1) as we could have completed the overall correction into wave 4 of Primary degree.

DE Elliott Wave Count: Wave 4 of (1).

DE Technical Indicators: 20EMA as support.s

DE Trading Strategy: Looking for longs into wave 5 which must be shorter than 3.

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Deere & Co., DE: 4-hour Chart 9 August 23

Deere & Co., Elliott Wave Technical Analysis
DE Stock Market Analysis: We can identify five waves into wave 3 with an extended wave {v}. Looking for a sideways wave 4 to then resume higher

DE Elliott Wave count: Wave {b} of 4.

DE Technical Indicators: Above all averages.

DE Trading Strategy: Looking for longs with a stop at 418$.

(Click on image to enlarge)