Boeing Wave Analysis – 13 January, 2019

0
11
views
FxPro Daily Economic Events
FxPro Daily Economic Events
  • Boeing reversed from resistance area
  • Likely to fall to 321.00

Boeing recently reversed down with the daily Shooting Star from the resistance area lying between the resistance level 340.00 (top of the previous wave A from December), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse wave (3).

The downward reversal from this resistance area stopped the previous short term impulse wave C from the end of December.

Boeing is likely to fall further toward the next powerful support level 321.00 (which has been reversing the price from August).

This Review is presented by FxPro.

For all Articles related to Fxpro please click here

OPEN AN ACCOUNT WITH FXPRO