Boeing Co.: wave analysis
21 June 2019, 09:30
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 375.21 |
| Take Profit | 445.24, 500.00 |
| Stop Loss | 342.03 |
| Key Levels | 292.93, 342.03, 445.24, 500.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 342.00 |
| Take Profit | 292.93 |
| Stop Loss | 358.50 |
| Key Levels | 292.93, 342.03, 445.24, 500.00 |
The correction ended, the price may grow.
On the 4-hour chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and the downward correction 2 of (5) developed. Now, the formation of the wave 3 of (5) has begun, within which the third wave of the lower level (iii) of i of 3 is developing. If the assumption is correct, the price will grow to the levels of 445.24–500.00. In this scenario, critical stop loss level is 342.03.
Main scenario
Long positions will become relevant during the correction, above the level of 342.03 with the targets at 445.24–500.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 342.03 will let the price go down to the level of 292.93.
On the 4-hour chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and the downward correction 2 of (5) developed. Now, the formation of the wave 3 of (5) has begun, within which the third wave of the lower level (iii) of i of 3 is developing. If the assumption is correct, the price will grow to the levels of 445.24–500.00. In this scenario, critical stop loss level is 342.03.
Main scenario
Long positions will become relevant during the correction, above the level of 342.03 with the targets at 445.24–500.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 342.03 will let the price go down to the level of 292.93.
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