DVN TL Bounce You can see what happened the last two time this stock touched that trend line where i boxed in, the most recent time it took some time for it to bounce back off the trendline again so this time could be the same.
DVN
DVN second rise.DVN second rise. It can be seen that DVN can build a second ascending wave sequence. The size of the rise is similar to the size of the first wave sequence.
Continuing the analysis, hold the long position. Target price remains unchanged 22.19usd
DVN before another 41% increase.DVN before another 41% increase. analysis was exactly followed by the movement. Current analysis shows that the chart is closed above the D1 ATR distance (white rectangle) and also shows that the upper level of the D1 ATR functions as a support. I hypothesize that the motion will turn north from the 15.61 usd level and rise to the 22.19 usd level by building a second rising wave sequence.
DVN (Devon Energy) before the 80% increase.DVN (Devon Energy) before the 80% increase. The fair value of the share is 17.43usd. It is currently in the accumulation range. According to my analysis, you can reach the top of the second rising wave of the double wave extremely quickly. One reason for this is the "technical gap" caused by option trading. This gap causes a technical exchange rate jump not only on the short side but also on the hedging side. Which in short means it can also appear on an ascending side. In short, I assume that we will have a day (in the near future) when the stock rises by 30% in a day in a rising share price.
Wednesday Long... DVNToday's trade is a long off support on DVN. Looking to take it back up to the prior range at 10.65.
DVN before rising 31%.DVN before rising 31%. A common rule in the world of fractals is that the wave sequence within the fractal develops symmetrically to the extremes of moving averages. We trade this set of rules. In case the analysis is correct, the exchange rate turns north from 22.43usd. From this level you can begin a more significant uptick with a target price of 29.53 usd
DVN before rising 31%... The analysis shows that the exchange rate correction (yellow square) is halved. According to fractal rules, the rising (main trend wave) amplitude can be doubled. Based on this set of rules, we can reasonably expect that the rising wave target currently being developed will be priced at 29.23 usd.
DVN exchange rate before 39% rise... The analysis shows that the exchange tests a MA (50) axis symmetrically. This is similar to the symmetrical backtest of the previous fractal. I look forward to completing this correction tomorrow and turning north again. In the event that the price copied the previous fractal sequence (which I see the greatest chance of), it could repeat itself around the MA (100) axis. From there, I'm expecting a higher rate of climb. The price of this target is 30.16 usd.
DVN before 31% rise... According to wave theory, the exchange rate builds a double rising wave structure. Currently, the second rising wave may begin to structure. The rise target price is 34.38 usd. The current correction phase tests the MA 100 and MA 200 curves symmetrically.
DVN before rising 28%... The exchange rate moves in a triple falling wave pattern. Each wave is half of the leading wave structure. Currently, the exchange rate is building a rising wave structure. A fractal appeared in it, and its repetition now appears. If the theory is correct, the target price for the exchange is US $ 33.57
DVN before 15% gain... The exchange rate reached its correct level. From this level, we can see a "double bottom" turn. Strong signal to prepare for a further rise. If we examine the ATR axis, it appears to form a rising channel. These two indications strongly suggest that a steady and sustained rise is expected. The target price is the top of the channel 36USD.
DVN before 21% rise... The ATR axis of the exchange rate is shown in the analysis. The slope of the rising ATR axes is increasing, predicting an acceleration of the exchange rate. The current rising wave structure target price is 39 usd. I expect a correction from that level. To be continued.
DVN before 33% increase... As you can see from the analysis, the wave axis (green) and the ATR axis (white) are parallel and rising. This predicts a stable rise. Based on an analysis, I expect a more long-lasting upswing. The goal of the rise is 40.54 usd.
DVN Rate Before Increasing...The exchange rate reached the bottom of the correction level. This level was around 30.5usd. We expect a definite increase from this level. The exchange rate increases in a triple wave structure. The peak of the first wave structure is 40.48usd. Then correction can be around 2-3 usd. Then rising second and third wave structures. Our target price is 48.4usd.
DVN stay long...DVN stay long. The exchange rate moves in the third rising elliot wave structure. The size of the motion, following elliot rule, is equal to the size of the first wave. If the finding is correct, the next target price for the exchange is 55 usd. From this level I will again expect an ABC correction wave motion.
DVN - This could get ridiculousThis sucker could fly to space if it gets going. Earnings could be the catalyst.
DEVON ENERGY CORP long ...DEVON ENERGY CORP long ... The exchange rate moves in a dual wave motion. The ATR (D1) is 1.66 times the previous value. This means that the distance of the exchange rate movement can be greater than 1.66 times the wave (BC) wave period as in the (0A) wave period. This may also have the consequence that the wave (BC) is twice as large as the wave structure (0A). The (BC) wave periodus target price is 56usd.
DVN is in a rising wave structure...DVN is in a rising wave structure. Currently, it is a breakthrough of 40.85 usd correction levels. The next adjustment level is 44.26 usd. This is a quarter of a wave size. Here, we assume an equal size correction. Thereafter, a total wavelength increase of $ 46.67 will be used. The ATR axes (purple line) are sufficiently sloping to form a definite wave motion.
