Deere & Co
has just broken out of a multi-year consolidation, which to me is bullish
. My analysis would suggest that we are most definitely in the 5th wave and maybe even a 5th of a 5th so caution is the order of the day. My count on this 5th wave which started in 2009 is doubtful but possible. However, EW suggests that the boundary of the parallel channel
could be the final destination for the 5th wave. Interesting times indeed.