Elliott Wave Technical Analysis: The Boeing Company - Thursday, April 3

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The Boeing Company (BA) – Detailed Elliott Wave Analysis

Daily Chart Analysis

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave 1 of (3)
• Direction: Upside into wave 3
• Details: Current pattern indicates either a (1)-(2) or (A)-(B) setup. Looking for a bottom in wave 2, with targets beyond TradingLevel2 at $200.

1-Hour Chart Analysis

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave {a} of 2
• Direction: Bottom in wave 2
• Details: Wave {a} appears near completion. Still expecting downside movement, followed by wave {b} and a final wave {c}. After that, watch for signs of reversal and continuation to the upside.

 

Technical Analyst: Alessio Barretta

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