The Boeing Company (BA) Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

BA - Elliott Wave technical analysis (daily chart)

Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave E of 4.
Direction: Upside in Wave E.

Details:

The larger structure follows a three-wave subdivision within Wave E of a higher-degree Wave B triangle.
Price remains contained within the triangle structure, but a breakout higher is expected in Wave E.

BA - Elliott Wave technical analysis (one-hour chart)

Function: Counter Trend.
Mode: Corrective.
Structure: Triangle.
Position: Wave C of (A).
Direction: Upside into Wave C.

Details:

Anticipating upside acceleration into Wave (iii) as the market extends in Minute Wave {iii}.
A 1.618 extension of Wave (iii) vs. (i) projects a target of $200.

Summary

This Elliott Wave analysis of The Boeing Company (BA) provides an overview of both the daily and 1-hour chart structures, outlining current trends and future price expectations.

Daily Chart: BA is undergoing a flat correction within a larger triangle, currently positioned in Wave E of 4, with further upside expected.

1H Chart: The stock is moving through Wave C of (A), extending into Minute Wave {iii}, targeting $200 as the next resistance level.

The Boeing Company (BA) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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