BA Elliott Wave Analysis Trading LoungeThe Boeing Company, (BA) Daily ChartBA Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: TrianglePOSITION: Wave (A) of EDIRECTION: Upside in wave C of (A).DETAILS: We are looking for upside into wave C of (A), which could also turn out to be wave (C) of E instead, hence one degree higher. Looking for upside potentially towards Trading Level 2 t 200$ as upside target.The Boeing Company, (BA) 1H ChartBA Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: TrianglePOSITION: Wave B of (A).DIRECTION: Upside in wave C.DETAILS: Looking for upside into wave C as we seem to have completed the triangle in wave B. Increasing volume on the bottom of B seems to be suggesting the low is in place. Looking for 200$ as minimum upside target.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*The Boeing Company (BA) appears to be in a corrective triangle pattern, currently unfolding in wave (A) of E. We expect upside momentum into wave C of (A), with a potential alternative scenario suggesting that this could be wave (C) of E, one degree higher. The key upside target lies near the TradingLevel2 at $200. Traders should watch for further strength as the stock approaches this target, as it could signal either the completion of wave (A) or indicate a more extended upward correction.* BA Elliott Wave Technical Analysis – 1H Chart*On the 1-hour chart, BA seems to have completed a triangle formation in wave B of (A), with the current wave C expected to push higher. Increasing volume at the bottom of wave B suggests that a low may already be in place. A continued breakout and rise toward the $200 target could confirm the completion of wave C, with further upside momentum likely. Monitoring key levels and volume will be important to confirm this corrective wave pattern.Technical Analyst : Alessio BarrettaMore By This Author:Elliott Wave Technical Forecast: Aristocrat Leisure Limited
Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Thursday, Feb. 6
Elliott Wave Technical Analysis: AAVE Crypto Price News For Thursday, Feb 6