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Rykin_Capital
Mar 28, 2023 11:17 AM

Deere and Co Continues to Meet with Gravity. DE Short

Deere & CompanyNYSE

Description

ABCD completed, reverse confirmed by break of trendline. Fibonacci for incoming retracement, and it already looks like this was an early catch.

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Comments
Ben_1148x2
I like your approach of the RSX overlaying price action. I came to similar conclusion on the price target for DE with a different approach.
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