The Boeing Company Stocks Elliott Wave Technical Analysis – Thursday, October 10

BA Elliott Wave Analysis Trading Lounge Daily Chart,The Boeing Company, (BA) Daily ChartBA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (C)DIRECTION: Downside within wave (C).DETAILS: Looking for downside within wave (C) as we seem to have had a clear three wave move in wave (B) and we are now looking for further downside. The Boeing Company, (BA) 1H ChartBA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 5 of (C).DIRECTION: Downside in wave 5.DETAILS: Looking for continuation lower. As we seem to have topped in wave 4, and wave 3 hit equality with wave 1, we could see an extension lower within 5. This Elliott Wave analysis of?The Boeing Company, (BA) outlines both the?daily?and?1-hour?chart structures, highlighting the current trends and possible future price movements..* BA Elliott Wave Technical Analysis – Daily Chart*On the?daily chart, Boeing (BA) is currently in the?downside phase of wave (C). This follows a clear?three-wave corrective move?in?wave (B), and now wave (C) is progressing as an impulsive decline. The structure is unfolding in favor of further downside movement as the completion of this corrective structure appears to be underway.* BA Elliott Wave Technical Analysis – 1H Chart*On the?1-hour chart, Boeing has likely completed?wave 4?and is now entering the final leg of?wave 5?of (C).?Wave 3reached equality with?wave 1, and the development of?wave 5?is expected to extend lower, continuing the downtrend. This final leg should push the stock price down further before completing the entire correction.More By This Author:Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Thursday, Oct 10
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