Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions and offer remote patient management systems. It is based in Marlborough, US, comes under Healthcare sector & trades as “BSX” ticker at NYSE.
As discussed in the previous article, BSX resumes upside after ended ((4)) as flat correction at $71.88 low. It favors upside in ((5)) towards $81.23 – $84.11 area to finish the III impulse sequence before any pullback may happen.
BSX – Elliott Wave Daily View From 6.17.2024:
In weekly sequence, it placed (II) at $24.10 low in March-2020 & II of (III) at $34.98 low in June-2022. Above there, it favors upside in III, while dips remain above $71.88 low before any larger pullback may start. Within III, it placed ((1)) at $55.38 high, ((2)) at $48.35 low & ((3)) at $78.98 high as expected from last article. It placed (1) of ((3)) at $56.90 high, (2) at $54.95 low, (3) at $69.20 high, (4) at $66.80 low & (5) at $78.98 high as ((3)).
BSX – Elliott Wave Latest Daily View:
It placed ((4)) as flat structure at $71.88 low as 0.236 Fibonacci retracement of ((3)). It placed (A) at $74.15 low, (B) at $79.43 high & finally ended (C) at $71.88 low. Currently, it favors upside in (1) of ((5)) & expect rally to continue towards $81.23 – $84.11 area, which confirms above $79.43 high to finish III sequence. Later, it should pullback in IV in 3, 7 or 11 swings against June-2022 low, which will provide the next buying opportunity.
BSX – Elliott Wave Latest Weekly View:
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
Recommended content
Editors’ Picks
AUD/USD retreats toward 0.6700, as US Dollar recovers on PMI day
![AUD/USD retreats toward 0.6700, as US Dollar recovers on PMI day](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/AUDUSD/macro-of-aussie-20-note-8668638_XtraSmall.jpg)
AUD/USD is off the five-week peak, easing toward 0.6700 in Thursday's Asian trading. A broad US Dollar comeback overshadows strong Australian PMI data, weighing on the pair. The downside, however, appears capped on Fed-RBA policy divergence. US PMI data eyed.
USD/JPY rebounds above 145.50 as USD finds fresh demand
![USD/JPY rebounds above 145.50 as USD finds fresh demand](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/USDJPY/japanese-yen1_XtraSmall.jpg)
USD/JPY recovers above 145.50 in the Asian session on Thursday. Mixed Japaanese PMI data and fresh US Dollar buying lend support to the pair, despite dwindling risk sentiment and heightened Fed rate cut bets. Focus shifts to US Jobless Claims and PMI data.
Gold consolidates near all-time peak amid Fed rate-cut optimism
![Gold consolidates near all-time peak amid Fed rate-cut optimism](https://editorial.fxstreet.com/images/Markets/Currencies/Crosses/XAUUSD/gold-ingot-20089693_XtraSmall.jpg)
Gold price holds above the $2,500 mark during the Asian session on Thursday and remains close to the all-time peak, though the upbeat market mood continues to act as a headwind. Traders also prefer to wait for Fed Chair Jerome Powell's speech on Friday.
GRIMACE meme coin suffers rug pull after promotion on hacked McDonald's Instagram account
![GRIMACE meme coin suffers rug pull after promotion on hacked McDonald's Instagram account](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/crypto_matrix-637516561995093295_XtraSmall.jpg)
McDonald's Instagram account suffered a hack on Wednesday after it promoted a Solana-based meme coin named after GRIMACE, one of its packaging characters. Following the hack, insider holders began to dump their tokens, driving the token's market cap from $20 million to $599K.
Where is the US Dollar heading after the Fed paved the way for a September cut? Premium
![Where is the US Dollar heading after the Fed paved the way for a September cut?](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/DollarIndex/money-gm95713421-2487488_XtraSmall.jpg)
Financial markets have been extremely volatile in the last couple of weeks, as all of a sudden, investors realized central bank officials still have the ability to surprise them.
Moneta Markets review 2024: All you need to know
![Moneta Markets review 2024: All you need to know](https://editorial.fxstreet.com/images/IT/Testing/Review/FXSBadgeCertifiedBackg_XtraSmall.png)
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.