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Boeing (BA) Short Term Elliott Wave View
The short-term Elliott Wave view in Boeing (BA) suggests that the rally from the 10.27.2023 low is currently in progress as a 5-waves impulse. Starting from the 10.27.2023 low, wave 1 ended at 197.14, and the pullback in wave 2 ended at 189.57. Afterward, the stock resumed its upward movement in wave 3, with wave ((i)) ending at 211.09 and the pullback in wave ((ii)) ending at 204.81. The stock extended higher in wave ((iii)) towards 239.23, and the dips in wave ((iv)) ended at 230. The final leg, wave ((v)), higher ended at 267.54, completing wave 3. The 30-minute chart below illustrates the rally from wave ((iv)).
It is proposed that the wave 4 pullback has been completed at 257.68. The internal subdivision of wave 4 unfolded as a double-three Elliott Wave structure. Rallying in wave ((x)) ended at 264.66. The near term analysis suggests that as long as the pivot at 230.01 low stays intact, dips are expected to find support in 3, 7, or 11 swings for further upside.
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