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Boeing Co., Elliot Wave Analysis
2/9/2023 10:20 AMThe price is in a correction and may grow.
On the daily chart, a downward correction ended as the fourth wave of the higher level (4) of A, and the formation of the fifth wave (5) of А started, within which the wave 1 of (5) develops. Now, the third wave of the lower level iii of 1 has formed, and a local correction is developing as the fourth wave iv of 1. If the assumption is correct, the price will grow to the area of 237.55–258.55. In this scenario, critical stop loss level is 179.78.
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