The Boeing Company (BA) Elliott Wave technical analysis [Video]
|BA Elliott Wave Analysis Trading Lounge Daily Chart,
The Boeing Company, (BA) Daily Chart.
BA Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave (C).
Direction: Downside within wave (C).
Details: Looking for downside within wave (C) as we seem to have had a clear three wave move in wave (B) and we are now looking for further downside.
The Boeing Company, (BA) 1H Chart.
BA Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave 5 of (C).
Direction: Downside in wave 5.
Details: Looking for continuation lower. As we seem to have topped in wave 4, and wave 3 hit equality with wave 1, we could see an extension lower within 5.
This Elliott Wave analysis of The Boeing Company, (BA) outlines both the daily and 1-hour chart structures, highlighting the current trends and possible future price movements..
BA Elliott Wave technical analysis – Daily chart
On the daily chart, Boeing (BA) is currently in the downside phase of wave (C). This follows a clear three-wave corrective move in wave (B), and now wave (C) is progressing as an impulsive decline. The structure is unfolding in favor of further downside movement as the completion of this corrective structure appears to be underway.
BA Elliott Wave technical analysis – One-hour chart
On the 1-hour chart, Boeing has likely completed wave 4 and is now entering the final leg of wave 5 of (C). Wave 3reached equality with wave 1, and the development of wave 5 is expected to extend lower, continuing the downtrend. This final leg should push the stock price down further before completing the entire correction.
Technical analyst: Alessio Barretta.
BA Elliott Wave technical analysis [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.