empty
12.11.2021 08:47 AM
Elliott wave analysis of Boeing for November 12, 2021

This image is no longer relevant

Boeing peaked in March 2019 at 446.01. A 45 year impulsive cycle completed with the rally from 0.38 to 446.01 and a corrective decline was about to unfold in the years ahead. We have seen a corrective decline from the 446.01 peak to test the 78.6% corrective target at 94.76 which is a text-book corrective decline. That said, the corrective decline from the March 2019 peak has only taken 2a years, which we consider is to short to correct the 45 year rally, which is why we expect the correction to continue, but within that correction we could easily see Boeing gain 200-300% as it already has. The difficult thing here is, that price behavior within corrections and especially B-waves can be almost impossible to read and whoever has the courage to trade the B-wave could easily find oneself in trouble.

We would expect the correction to last more that 12 years to fulfill the degree related to the 45-year impulsive rally, which means a correction to at least 2031 and maybe even longer.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Analysis for GBP/USD on March 25, 2025

The wave pattern for GBP/USD remains somewhat ambiguous but still manageable. Currently, there is a high probability of a long-term downward trend forming. Wave 5 has taken a convincing shape

Chin Zhao 18:36 2025-03-25 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, #Litecoin – March 24th

In the coming days, GBP is expected to move sideways with a flat bias. Pressure on the lower boundary of the support zone is possible, followed by stabilization

Isabel Clark 11:21 2025-03-24 UTC+2

Weekly Forecast Based on Simplified Wave Analysis: EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, #Ripple – March 24th

A continuation of the overall sideways movement of the euro is expected in the coming week, fluctuating between the nearest opposing zones. A downward vector is more likely

Isabel Clark 11:13 2025-03-24 UTC+2

Analysis for GBP/USD on March 21, 2025

The wave structure for GBP/USD remains somewhat ambiguous, but overall manageable. At present, there's still a high probability of a long-term downward trend developing. Wave 5 has taken

Chin Zhao 18:42 2025-03-21 UTC+2

Analysis for EUR/USD on March 21, 2025

The EUR/USD pair saw no change on Friday. There was no news background in the direct sense of the word today, so the market had nothing to respond

Chin Zhao 18:39 2025-03-21 UTC+2

Analysis for EUR/USD on March 20, 2025

The wave structure on the 4-hour chart for EUR/USD is at risk of transforming into a more complex formation. A new downtrend structure started forming on September 25, which took

Chin Zhao 18:37 2025-03-20 UTC+2

GBP/USD Analysis – March 18th

The wave structure for GBP/USD remains somewhat ambiguous yet generally clear. At present, there is a high probability that a long-term downward trend is forming. Wave 5 has taken

Chin Zhao 18:45 2025-03-18 UTC+2

EUR/USD Analysis – March 18th

The wave structure on the four-hour chart is at risk of transforming into a more complex formation. A new downward wave structure began forming on September 25, taking the shape

Chin Zhao 18:43 2025-03-18 UTC+2

EUR/USD Analysis – March 17th

The 4-hour wave analysis for EUR/USD is at risk of transforming into a more complex structure. A new downward trend began on September 25, taking the form of a five-wave

Chin Zhao 17:34 2025-03-17 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, and #Litecoin – March 17th

GBP/USD Since January, an upward wave has been forming on the GBP/USD chart. The wave structure analysis shows that this wave remains incomplete. After breaking through another resistance level

Isabel Clark 09:34 2025-03-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.