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Boeing Co., Elliot Wave Analysis

12/29/2022 10:30 AM

Growth is possible.

On the daily chart, a downward correction ended as the fourth wave of the higher level (4) of A, and the fifth wave (5) of А develops, within which the wave 1 of (5) forms. Now, the third wave of the lower level iii of 1 has formed, and the development of the local correction as the fourth wave iv of 1 has started. If the assumption is correct, the asset will grow to the area of 229.40–278.66. In this scenario, critical stop loss level is 149.25.

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