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Boeing Co., Elliot Wave Analysis

1/12/2023 10:15 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 development of the fifth wave (5) of А started, within which the wave 1 of (5) forms. Now, the third wave of the lower level iii of 1 has ended, and a local correction is starting to develop as the fourth wave iv of 1. 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 177.32.

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