Boeing Wave Analysis – 22 January, 2020

• Boeing broke long-term support level 321.00
• Likely to fall to 300.00

Boeing under bearish pressure after the earlier breakout of long-term support level 321.00 (which has been steadily reversing the price from August).

The breakout of this support level accelerated the active short-term impulse wave 3, which belongs to the medium-term downward impulse sequence (3) from November.

Boeing is likely to fall further toward the next round support level 300.00 (target price for the completion of the active impulse wave 3).