Boeing has been painting a pretty clear symmetrical triangle pattern between 2020 and 2026 which could be ABCDE waves for wave B.
Triangles formed after a bear trend tend to lead to a continuation of the bear trend so could expect the triangle lower trendline to be tested and broken in the future to complete wave C.
Invalidation would be a break above wave E at $254.
You can use Bulkowskis method for calculating targets for triangle breakouts:
thepatternsite.com/st.html
Compute the height from the highest peak to the lowest valley in the triangle pattern then multiply it by 36%. Add it (upward breakouts) or subtract it (downward breakouts) from the breakout price; that puts a target around $84 (depending exactly where the triangle breaks on the downside).
Triangles formed after a bear trend tend to lead to a continuation of the bear trend so could expect the triangle lower trendline to be tested and broken in the future to complete wave C.
Invalidation would be a break above wave E at $254.
You can use Bulkowskis method for calculating targets for triangle breakouts:
thepatternsite.com/st.html
Compute the height from the highest peak to the lowest valley in the triangle pattern then multiply it by 36%. Add it (upward breakouts) or subtract it (downward breakouts) from the breakout price; that puts a target around $84 (depending exactly where the triangle breaks on the downside).
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.