Boeing Co.: wave analysis
08 August 2018, 09:48
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 350.74 |
| Take Profit | 373.80, 390.00 |
| Stop Loss | 343.04 |
| Key Levels | 319.46, 327.05, 343.04, 373.80, 390.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 343.00 |
| Take Profit | 327.05, 319.46 |
| Stop Loss | 348.30 |
| Key Levels | 319.46, 327.05, 343.04, 373.80, 390.00 |
The price can grow.
On the 4-hour chart, the diagonal triangle within the fifth ending wave 5 of (3) is forming. Now the wave v of 5 is developing, within which the local correction of the lower level (ii) of v has ended. If the assumption is correct, the price will grow to the levels of 373.80–390.00. The level of 343.04 is critical and stop loss for this scenario. 343.04.
Main scenario
Long positions will become relevant during the correction, above the level of 343.04 with the targets at 373.80–390.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 343.04 will let the price go down to the levels of 327.05–319.46.
On the 4-hour chart, the diagonal triangle within the fifth ending wave 5 of (3) is forming. Now the wave v of 5 is developing, within which the local correction of the lower level (ii) of v has ended. If the assumption is correct, the price will grow to the levels of 373.80–390.00. The level of 343.04 is critical and stop loss for this scenario. 343.04.
Main scenario
Long positions will become relevant during the correction, above the level of 343.04 with the targets at 373.80–390.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 343.04 will let the price go down to the levels of 327.05–319.46.
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