The Boeing Company (BA) - Elliott Wave Analysis (Daily & 1H Chart)

BA - Elliott Wave Technical Analysis (Daily Chart)

• Function: Counter Trend
• Mode: Corrective
• Structure: Flat
• Position: Wave E of 4
• Direction: Upside in Wave E

Details:

• The larger structure follows a three-wave subdivision within Wave E of a higher-degree Wave B triangle.
• Price remains contained within the triangle structure, but a breakout higher is expected in Wave E.

BA - Elliott Wave Technical Analysis (1H Chart)

• Function: Counter Trend
• Mode: Corrective
• Structure: Triangle
• Position: Wave C of (A)
• Direction: Upside into Wave C

Details:

• Anticipating upside acceleration into Wave (iii) as the market extends in Minute Wave {iii}.
• A 1.618 extension of Wave (iii) vs. (i) projects a target of $200.

Summary

This Elliott Wave analysis of The Boeing Company (BA) provides an overview of both the daily and 1-hour chart structures, outlining current trends and future price expectations.

• Daily Chart: BA is undergoing a flat correction within a larger triangle, currently positioned in Wave E of 4, with further upside expected.
• 1H Chart: The stock is moving through Wave C of (A), extending into Minute Wave {iii}, targeting $200 as the next resistance level.

Technical Analyst: Alessio Barretta

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