BA, Boeing , Monthly chart Elliott wave analysis
This the monthly chart and I am gonna go to the details in the comments.
Firstly the monthly wave analysis suggest that the golden times for BA is going to come we have 3 unfolded impulsive wave that if they unfold the price will go to sky in years ahead.
Regarding the current drop there are thing I need to mention before you rush to buy:
1- It should not break or touch the invalidation level if it does then the whole analysis is invalid
2- The current wave 4 correction is still unfolding you must wait for the correction channel to break. the wave 4 corrections are usually slow and long.
3- I DO NOT see any evidence for an uptrend in the daily chart the current uptrend move does not look impulsive or it needs to unfold more to convince me.
So wait and don't rush to buy but keep this market in mind. I will only buy this market if I see evidence for end of wave 4 correction
Firstly the monthly wave analysis suggest that the golden times for BA is going to come we have 3 unfolded impulsive wave that if they unfold the price will go to sky in years ahead.
Regarding the current drop there are thing I need to mention before you rush to buy:
1- It should not break or touch the invalidation level if it does then the whole analysis is invalid
2- The current wave 4 correction is still unfolding you must wait for the correction channel to break. the wave 4 corrections are usually slow and long.
3- I DO NOT see any evidence for an uptrend in the daily chart the current uptrend move does not look impulsive or it needs to unfold more to convince me.
So wait and don't rush to buy but keep this market in mind. I will only buy this market if I see evidence for end of wave 4 correction
Comment:
the current daily uptrend does NOT look impulsive at all. it need to unfold more to provide evidence
