Boeing Wave Analysis – 1 February, 2022

• Boeing reversed from powerful support level 186.70

• Likely to rise to resistance level 210.00

Boeing recently reversed up with the daily Morning Star from the support zone set between the powerful support level 186.70 (which has been reversing the price from November) and the lower daily Bollinger Band.

The upward reversal from this support area started the active minor corrective wave (ii).

Boeing can be expected to rise further toward the next resistance level 210.00 (target for the completion of the active corrective wave (ii).).