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BA – Elliott Wave technical analysis (daily chart)
Details:
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The larger structure follows a three-wave subdivision within Wave E of a higher-degree Wave B triangle.
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Price remains contained within the triangle structure, but a breakout higher is expected in Wave E.
BA – Elliott Wave technical analysis (one-hour chart)
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Function: Counter Trend.
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Mode: Corrective.
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Structure: Triangle.
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Position: Wave C of (A).
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Direction: Upside into Wave C.
Details:
Summary
This Elliott Wave analysis of The Boeing Company (BA) provides an overview of both the daily and 1-hour chart structures, outlining current trends and future price expectations.
- Daily Chart: BA is undergoing a flat correction within a larger triangle, currently positioned in Wave E of 4, with further upside expected.
- 1H Chart: The stock is moving through Wave C of (A), extending into Minute Wave {iii}, targeting $200 as the next resistance level.