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Boeing Co., Elliot Wave Analysis

12/15/2022 10:10 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 is developing, within which the wave (iii) of iii is forming. 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 169.73.



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