Boeing Co.: wave analysis
05 September 2018, 09:34
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 346.12 |
| Take Profit | 390.00 |
| Stop Loss | 327.02 |
| Key Levels | 308.50, 327.02, 390.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 326.95 |
| Take Profit | 308.50 |
| Stop Loss | 333.10 |
| Key Levels | 308.50, 327.02, 390.00 |
The price can grow.
On the 4-hour chart, the local correction of the higher level formed as a fourth wave (4), shapes as a triangle. Now the development of the fifth wave (5) has begun, within which the first wave of the lower level i of 1 of (5) has formed, and the local correction ii of 1 is ending. If the assumption is correct, the price will grow to the level of 390.00. In this scenario, critical stop loss level is 327.02.
Main scenario
Long positions will become relevant during the correction, above the level of 327.02 with the target at 390.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 327.02 will let the price go down to the level of 308.50.
On the 4-hour chart, the local correction of the higher level formed as a fourth wave (4), shapes as a triangle. Now the development of the fifth wave (5) has begun, within which the first wave of the lower level i of 1 of (5) has formed, and the local correction ii of 1 is ending. If the assumption is correct, the price will grow to the level of 390.00. In this scenario, critical stop loss level is 327.02.
Main scenario
Long positions will become relevant during the correction, above the level of 327.02 with the target at 390.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 327.02 will let the price go down to the level of 308.50.
No comments:
Write comments