FutureMeDead
Long

BA - Corrective Decline

NYSE:BA   BOEING COMPANY (THE)
The Elliott Wave structure of Boeing             from the 158.83 high on February 20, 2015 is clearly not an impulse wave which means it must be viewed in the context of a correction. The structure also counts very nicely as a Double Three labeled WXY. Notice how MACD and RSI show momentum divergence from wave W to Y into the 200-day moving average and bounced from there. The rally from here IS impulsive which means the trend remains up. The bigger picture suggests this WXY is a 4th wave and we should be headed for new highs above 158.83 in a 5th wave. Invalidation of this idea is at the wave Y low of 138.44.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out