The post The Boeing Company (BA) US stocks Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com.

BA Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 1 of (1). Direction: Upside in wave 1. Details: The Boeing Company appears to have established a long-term bottom with Cycle wave IV now likely complete. The current structure suggests the initiation of Primary wave (1), with wave 1 unfolding upward. Key resistance is expected near TradingLevel2 at $200, which may align with the top of wave 1 and trigger a corrective phase before further gains. BA Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {v} of 1. Direction: Upside in wave {v}. Details: On the 1-hour chart, Boeing is completing wave {v} of Minor wave 1. The current formation suggests at least one final upward leg is pending to complete wave (v). A move above recent highs would validate this wave count and may confirm short-term bullish momentum as the structure nears resistance. Technical analyst: Alessio Barretta. BA Elliott Wave technical analysis [Video] Source: https://www.fxstreet.com/news/the-boeing-company-ba-us-stocks-elliott-wave-technical-analysis-video-202504240905

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Filed under: News - @ April 24, 2025 9:25 am