The Boeing Company (BA) Elliott Wave Technical Analysis (Daily Chart)

BA Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave E of 4

Direction: Upside in Wave E

Details:

• The broader price action aligns with a three-wave subdivision within Wave E, forming part of a larger-degree Wave B triangle.
• Price remains confined within the triangle structure, but an upward breakout in Wave E is expected.
• The ongoing correction suggests a potential bullish move as Wave E develops.

The Boeing Company (BA) Elliott Wave Technical Analysis (1H Chart)

BA Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave C of (A)

Direction: Upside into Wave C

Details:

• The market is gearing up for an upward push in Wave C, advancing into Minute Wave {iii}.
• A Fibonacci 1.618 extension of Wave (iii) against Wave (i) suggests a price target of $200.
• The bullish momentum is likely to strengthen as the pattern unfolds.

Technical Analyst: Alessio Barretta

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Summary

This Elliott Wave analysis of The Boeing Company (BA) provides key insights into both daily and 1-hour chart structures, highlighting price trends and potential movements.

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

This analysis serves as a guide for traders monitoring BA’s price action and Elliott Wave projections.