Boeing Co.: wave analysis
13 December 2019, 08:57
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 346.33 |
| Take Profit | 317.78, 286.50 |
| Stop Loss | 355.95 |
| Key Levels | 286.50, 317.78, 375.30, 394.19, 403.68 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 375.40 |
| Take Profit | 394.19, 403.68 |
| Stop Loss | 369.10 |
| Key Levels | 286.50, 317.78, 375.30, 394.19, 403.68 |
The price may fall.
On the 4-hour chart, a downward correction of the higher level forms as the wave 4, within which the wave (C) of 4 develops. Now, a local correction has ended as the second wave of the lower level 2 of (C), and the third wave 3 of (C) is forming. If the assumption is correct, the price will fall to the levels of 317.78–286.50. In this scenario, critical stop loss level is 375.30.
Main scenario
Short positions will become relevant from the correction, below the level of 375.30 with the targets at 317.78–286.50. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 375.30 will let the price grow to the levels of 394.19–403.68.
On the 4-hour chart, a downward correction of the higher level forms as the wave 4, within which the wave (C) of 4 develops. Now, a local correction has ended as the second wave of the lower level 2 of (C), and the third wave 3 of (C) is forming. If the assumption is correct, the price will fall to the levels of 317.78–286.50. In this scenario, critical stop loss level is 375.30.
Main scenario
Short positions will become relevant from the correction, below the level of 375.30 with the targets at 317.78–286.50. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 375.30 will let the price grow to the levels of 394.19–403.68.
No comments:
Write comments