Boeing Co.: wave analysis
15 August 2018, 10:04
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 339.04 |
| Take Profit | 311.62, 276.00 |
| Stop Loss | 364.49 |
| Key Levels | 276.00, 311.62, 364.49, 390.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 364.55 |
| Take Profit | 390.00 |
| Stop Loss | 356.10 |
| Key Levels | 276.00, 311.62, 364.49, 390.00 |
The price can fall.
On the 4-hour chart, the fifth wave 5 within the third wave (3) of the higher level formed. Now the development of the downward correction as a fourth wave (4) begins, within which the wave A of (4) is developing. If the assumption is correct, the price will fall to the levels of 311.62–276.00. The level of 364.49 is critical and stop loss for this scenario.
Main scenario
Short positions will become relevant during the correction, below the level of 364.49 with the targets at 311.62–276.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 364.49 will let the price grow to the level of 390.00.
On the 4-hour chart, the fifth wave 5 within the third wave (3) of the higher level formed. Now the development of the downward correction as a fourth wave (4) begins, within which the wave A of (4) is developing. If the assumption is correct, the price will fall to the levels of 311.62–276.00. The level of 364.49 is critical and stop loss for this scenario.
Main scenario
Short positions will become relevant during the correction, below the level of 364.49 with the targets at 311.62–276.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 364.49 will let the price grow to the level of 390.00.
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