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haylettc

Boeing Short (Wyckoff Distribution Structure)

Short
Boeing Company (The) (NYSE:BA)  
haylettc Updated   
NYSE:BA   Boeing Company (The)
Chart Patterns Head and Shoulders Fundamental Analysis boeing
5
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chartpattern headandshoulders fundamental boeing
The fundamentals do not seem to be in Boeing's favor, and price action on the Weekly looks like a textbook example of a Wyckoff distribution pattern. I'm expecting this to be a pretty reliable short this year, save for the risk of manipulation due to the amount of significant players with BA exposure.
Trade active:
The entry target was just reached. Taking a position now.
Trade closed: target reached:
Target was reached. In case of market rebound, exits should be made now. Enjoy the profits. SL was ALMOST hit. Haha.
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