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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