BA Analysis with Elliott wave
Updated
BA is nearing a wave 4 correction completion, if my count is right this correction should end around July 27th but keep in mind that we have earnings coming up. I am no expert at Elliott wave so trade on your risk. Price targets should be around PT1: $245-$250, PT2: $265-$270 and final price if it goes ballistic is $289. Good luck and leave a like if you like my idea.
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Our day in the sun is near, I think Monday will the last call day to buy at a SUPER discount. It could hit $170 then reverse back up. A great week ahead for BA in my opinion.Trade active
BA is at a critical point, We broke down from the triangle BUT be AWARE it could be a bear trap to suck shorts in. This still could explode HIGHER if we have completed a C leg of a zigzag within a bigger ABC pattern from the last drop from $239 level.Trade active
BA looking good, bad ER didn't cause much damage to the pattern. We actually have a failed breakdown and we are building an inverse head and shoulder on the lower time frames. We also have a bull flag on the hourly which should create an impulsive break out of the 3 months wedge. stay tuned and watch if this idea will play out. Good luck :)
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