Boeing Company: wave analysis
10 November 2017, 08:34
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 262.57 |
| Take Profit | 233.65 |
| Stop Loss | 272.20 |
| Key Levels | 233.65, 268.00, 280.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 268.10 |
| Take Profit | 280.00 |
| Stop Loss | 264.15 |
| Key Levels | 233.65, 268.00, 280.00 |
The price can fall.
The upward momentum has formed within the third wave of the higher level 3. At the moment the development of the downward correction is beginning as a fourth wave 4. If the assumption is correct, the price will fall to the level of 233.65. The level of 268.00 is critical for this scenario.
Main scenario
Short positions will become relevant below the level of 268.00 with the target at 233.65.
Alternative scenario
The breakout and the consolidation of the price above the level of 268.00 will let the price grow to the level of 280.00.
The upward momentum has formed within the third wave of the higher level 3. At the moment the development of the downward correction is beginning as a fourth wave 4. If the assumption is correct, the price will fall to the level of 233.65. The level of 268.00 is critical for this scenario.
Main scenario
Short positions will become relevant below the level of 268.00 with the target at 233.65.
Alternative scenario
The breakout and the consolidation of the price above the level of 268.00 will let the price grow to the level of 280.00.
No comments:
Write comments