Deere & Company manufactures & distributes various equipment worldwide. The company operates through four segments: Production & Precision Agriculture, small Agriculture & Turf, Construction & Forestry, & Financial services. The company is based in Illinois, US, comes under Industrials sector & trades as “DE” ticker at NYSE.
As discussed in , DE showing bullish monthly sequence & favors flat correction in IV before upside resumes. It placed ((B)) of IV at $448.40 high & favors lower in ((C)) wave to finish IV either in running or expanded before upside resumes in V. Alternatively, IV can do triangle as well before the trend resumes.
DE – Elliott Wave View From 3.26.2023:
In monthly sequence, it placed I at $94.89 high & II at $24.51 low. It has extended wave III as third , which finished as III at $446.76 high. Within wave III, it placed ((1)) at $181.99 high & ((2)) at $106.14 low. It favored ended ((3)) at $400.34 high & ((4)) at $320.50 low as 0.236 correction. Finally, it ended ((5)) at $446.76 high as wave III.
DE – Elliott Wave Latest Monthly View:
It finished ((A)) of IV at $283.81 low on 7.06.2022 as 7 swing sequence. While, it ended ((B)) at $448.40 high on 11.23.2022 as 3 swing sequence in IV in flat correction. Below there, it placed (2) at $437.88 high & 1 of (3) at $365.89 low. Currently, it favors bounce in 2 of (3) & expect small bounce before downside resumes in 3 of (3). It expects few more lows to finish ((C)) as IV either in running flat or expanded flat correction followed by V higher. Alternatively, it can do triangle in IV before upside resumes.
DE – Elliott Wave Latest Daily View:
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Source:-forecast.com/stock-market/de-favors-weakness-flat-correction/
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