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Boeing Co., Elliot Wave Analysis

10/20/2022 10:25 AM

A fall is possible.

On the daily chart, the downward wave of the higher level (C) develops, within which the third wave 3 of (C) formed, and a local correction ended as the fourth wave 4 of (C). Now, the development of the fifth wave 5 of (C) has started, within which the first entry wave of the lower level i of 5 has formed, and the correctional wave ii of 5 is forming. If the assumption is correct, the price of the asset will fall to the area of 89.41–50.00. In this scenario, critical stop loss level is 174.15.

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