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Boeing Co., Elliot Wave Analysis

3/23/2023 10:09 AM

The price is in a correction and may grow.

On the daily chart, a downward correction formed 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 ended, and a local correction is ending as the fourth wave iv of 1, within which the development of the wave (c) of iv is ending. If the assumption is correct, the asset will grow to the area of 237.55–258.55. In this scenario, critical stop loss level is 182.27.





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