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).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: BA

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