Boeing Wave Analysis 30 September, 2020

• Boeing broke daily down channel

• Likely to rise to 180.00

Boeing recently broke the resistance trendline of the daily down channel from August – which enclosed the previous downward impulse sequence Ⓒ.

The breakout of this down channel should accelerate the active upward impulse sequence (1) – which started earlier from the round support level 150.00, intersecting with the aforementioned down channel.

Boeing is likely to rise further toward the next resistance level 180.00 (top of the previous wave (2) from the end of August).