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Elliott Forecast

Daud Bhatti

Boeing (BA) Pullback Structure Looks Corrective

December 29, 2023 By

Short Term Elliott Wave View in Boeing (BA) suggests rally from 10.27.2023 low is in progress as a 5 waves impulse. Up from 10.27.2023 low, wave 1 ended at 197.14 and pullback in wave 2 ended at 189.57. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 211.09 and pullback in wave ((ii)) ended at 204.81. Boeing then extended higher in wave ((iii)) towards 239.23 and dips in wave ((iv)) ended at 230. Final leg wave ((v)) higher ended at 267.54 which completed wave 3. The 30 minutes chart below shows the rally from wave ((iv)).

Wave 4 pullback is proposed complete at 257.68. Internal subdivision of wave 4 unfolded as a . Down from wave 3, wave (a) ended at 260.19 and wave (b) ended at 262.84. Wave (c) of ((w)) ended at 259.12. Rally in wave ((x)) ended at 264.66. Wave ((y)) lower ended at 257.68 which completed wave 4. Internal subdivision of wave ((y)) unfolded as a zigzag structure. Down from wave ((x)), wave (a) ended at 260.42 and wave (b) ended at 262.51. Wave (c) lower ended at 257.68 which completed wave ((y)) of 4. Near term, as far as pivot at 230.01 low stays intact, expect dips to find support in 3 ,7, or 11 swing for further upside.

Boeing (BA) 30 Minutes Elliott Wave Chart

BA Elliott Wave Video

Source:-forecast.com/news/boeing-ba-pullback-structure-looks-corrective/

29/12/2023 1 EN

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Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Daud Bhatti

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