Boeing Wave Analysis – 05 November, 2019

• Boeing reversed from powerful support level 320.00
• Likely to rise to 360.00

Boeing recently reversed up sharply from the powerful support level 320.00 (former multi-month low from the middle of August).

The upward reversal from the support level 320.00 started the active medium-term impulse sequence (3).

Boeing is expected to rise further and retest the next resistance level 360.00 (former support from the start of October, which stopped earlier wave A).