Boeing Co.: wave analysis
09 August 2019, 09:56
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 336.35 |
| Take Profit | 292.93, 253.61 |
| Stop Loss | 350.85 |
| Key Levels | 253.61, 292.93, 381.96, 417.00, 445.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 382.00 |
| Take Profit | 417.00, 445.00 |
| Stop Loss | 370.30 |
| Key Levels | 253.61, 292.93, 381.96, 417.00, 445.00 |
The price may fall.
On the daily chart, the third wave of the higher level 3 developed, and the formation of the downward correction as the wave 4 begins. Now, the wave (A) of 4 is developing, within which the fifth wave of the lower level 5 of (A) is forming. If the assumption is correct, the price will fall to the levels of 292.93–253.61. In this scenario, critical stop loss level is 381.96.
Main scenario
Short positions will become relevant during the correction, below the level of 381.96 with the targets at 292.93–253.61. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 381.96 will let the price grow to the levels of 417.00–445.00.
On the daily chart, the third wave of the higher level 3 developed, and the formation of the downward correction as the wave 4 begins. Now, the wave (A) of 4 is developing, within which the fifth wave of the lower level 5 of (A) is forming. If the assumption is correct, the price will fall to the levels of 292.93–253.61. In this scenario, critical stop loss level is 381.96.
Main scenario
Short positions will become relevant during the correction, below the level of 381.96 with the targets at 292.93–253.61. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 381.96 will let the price grow to the levels of 417.00–445.00.
No comments:
Write comments