Boeing Company.: wave analysis

The growth is expected.

The upward momentum within the third wave 3 of the highest level is forming. Locally the downward correction as a wave iv of 3 has developed and the formation of the wave v of 3, within which the wave (i) and (ii) of the lower level have formed, has begun. If the assumption is correct, the price will grow to the level of 191.40 within the third wave (iii) of v. The level of 175.40 is critical for this scenario.

Trading scenario

Buy the stock from the correction above the level of 175.40 with the target at 191.40.

Alternative scenario

The breakout and the consolidation of the price below the level of 175.40 will let the price to lower to the level of 170.13 within the correction.

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