Boeing Wave Analysis – 06 March, 2020

• Boeing falling inside impulse wave (3)
• Likely to test support level 250.00

Boeing recently reversed down from the lower trendline of the previously broken down channel from last September (acting as resistance after it was broken).

The aforementioned down channel coincided with the powerful resistance level 290.00 (former major support from 2018).

Boeing is likely to fall further in the active accelerated impulse wave (3) toward the next support level 250.00.