Boeing Company: wave analysis
11 September 2017, 08:29
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 238.49 |
| Take Profit | 227.00, 218.00 |
| Stop Loss | 242.35 |
| Key Levels | 218.00, 227.00, 242.34, 255.00, 260.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 242.40 |
| Take Profit | 255.00, 260.00 |
| Stop Loss | 238.20 |
| Key Levels | 218.00, 227.00, 242.34, 255.00, 260.00 |
The price is in correction and can fall.
The upward momentum within the fifth wave v within the third wave of the higher level 3 is forming. At the moment the local correction is developing as a wave 4, within it the formation of the wave c of 4 has begun. If the assumption is correct, the price will fall to the levels of 227.00–218.00. The level of 242.34 is critical for this scenario.
Main scenario
Short positions can be opened below the level of 242.34 with the targets at 227.00–218.00.
Alternative scenario
The breakout and the consolidation of the price above the level of 242.34 will let the price grow to the levels of 255.00–260.00.
The upward momentum within the fifth wave v within the third wave of the higher level 3 is forming. At the moment the local correction is developing as a wave 4, within it the formation of the wave c of 4 has begun. If the assumption is correct, the price will fall to the levels of 227.00–218.00. The level of 242.34 is critical for this scenario.
Main scenario
Short positions can be opened below the level of 242.34 with the targets at 227.00–218.00.
Alternative scenario
The breakout and the consolidation of the price above the level of 242.34 will let the price grow to the levels of 255.00–260.00.
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