Boeing Co.: wave analysis
15 February 2019, 09:01
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 409.96 |
| Take Profit | 430.00, 450.00 |
| Stop Loss | 389.95 |
| Key Levels | 339.71, 354.62, 380.85, 430.00, 450.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 380.80 |
| Take Profit | 354.62, 339.71 |
| Stop Loss | 389.60 |
| Key Levels | 339.71, 354.62, 380.85, 430.00, 450.00 |
The price may grow.
On the 4-hour chart, a correction of the higher level formed as the fourth wave (4). Now the development of the fifth wave (5) has begun, within which the first wave of the lower level 1 of (5) is forming as a momentum. If the assumption is correct, the price will grow to the levels of 430.00–450.00. In this scenario, critical stop loss level is 380.85.
Main scenario
Long positions will become relevant during the correction, above the level of 380.85 with the targets at 430.00–450.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 380.85 will let the price go down to the levels of 354.62–339.71.
On the 4-hour chart, a correction of the higher level formed as the fourth wave (4). Now the development of the fifth wave (5) has begun, within which the first wave of the lower level 1 of (5) is forming as a momentum. If the assumption is correct, the price will grow to the levels of 430.00–450.00. In this scenario, critical stop loss level is 380.85.
Main scenario
Long positions will become relevant during the correction, above the level of 380.85 with the targets at 430.00–450.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 380.85 will let the price go down to the levels of 354.62–339.71.
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