Boeing Pullback Structure Looks Corrective -

Boeing Pullback Structure Looks Corrective

Dec 28, 2023Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashShort Term Elliott Wave View in Boeing (BA) suggests rally from 10.27.2023 low is in progress as a 5 waves impulse. Up from 10.27.2023 low, wave 1 ended at 197.14 and pullback in wave 2 ended at 189.57. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 211.09 and pullback in wave ((ii)) ended at 204.81. Boeing then extended higher in wave ((iii)) towards 239.23 and dips in wave ((iv)) ended at 230. Final leg wave ((v)) higher ended at 267.54 which completed wave 3. The 30 minutes chart below shows the rally from wave ((iv)).Wave 4 pullback is proposed complete at 257.68. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 260.19 and wave (b) ended at 262.84. Wave (c) of ((w)) ended at 259.12. Rally in wave ((x)) ended at 264.66. Wave ((y)) lower ended at 257.68 which completed wave 4. Internal subdivision of wave ((y)) unfolded as a zigzag structure. Down from wave ((x)), wave (a) ended at 260.42 and wave (b) ended at 262.51. Wave (c) lower ended at 257.68 which completed wave ((y)) of 4. Near term, as far as pivot at 230.01 low stays intact, expect dips to find support in 3 ,7, or 11 swing for further upside.Boeing (BA) 30 Minutes Elliott Wave ChartBA Elliott Wave VideoVideo Length: 00:05:12More By This Author:America Airlines Buyers At The Blue Box Ovintiv Inc. Long Term Bullish ReversalEURCAD: Two Sell Trades Hit Targets