BA Elliott Wave Analysis – TradingLounge Daily Chart
The Boeing Company (BA) – Daily Chart

BA Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave 1 of (1)
DIRECTION: Upside in wave 1

DETAILS:
The Boeing Company appears to have established a long-term bottom with Cycle wave IV now likely complete. The current structure suggests the initiation of Primary wave (1), with wave 1 unfolding upward. Key resistance is expected near TradingLevel2 at $200, which may align with the top of wave 1 and trigger a corrective phase before further gains.

BA Elliott Wave Analysis – TradingLounge 1H Chart
The Boeing Company (BA) – 1-Hour Chart

BA Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave {v} of 1
DIRECTION: Upside in wave {v}

DETAILS:
On the 1-hour chart, Boeing is completing wave {v} of Minor wave 1. The current formation suggests at least one final upward leg is pending to complete wave (v). A move above recent highs would validate this wave count and may confirm short-term bullish momentum as the structure nears resistance.

Technical Analyst: Alessio Barretta

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