Categories: Technical analysis

Boeing Wave Analysis – 13 January, 2020

  • Boeing reversed from resistance area
  • Likely to fall to 321.00

Boeing recently reversed down with the daily Shooting Star from the resistance area lying between the resistance level 340.00 (top of the previous wave A from December), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse wave (3).

The downward reversal from this resistance area stopped the previous short term impulse wave C from the end of December.

Boeing is likely to fall further toward the next powerful support level 321.00 (which has been reversing the price from August).

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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The FxPro Tech Analysis Team
Tags: BA

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