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Boeing Co.: wave analysis

12/1/2022 10:25 AM

A fall is possible.

On the daily chart, the downward wave of the higher level B develops, within which the wave (C) of B forms. Now, the third wave of the lower level 3 of (C) has formed, and a local correction is ending to develop as the fourth wave 4 of (C), within which the wave c of 4 is ending. If the assumption is correct, the price of the asset will fall within the wave 5 of (C) to the area of 89.41–50.00. In this scenario, critical stop loss level is 186.32.

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