Boeing Company (The)Short
4H3P // Eventual Buy opportunity // Short @D
4H chart // 3 Patterns: (bearish)
Crab pattern with a target for point D around previous structure highs; (161.8% extension - 155$)
Sell at D, in this set the price can eventually fall to test again the support at 127% (the 2nd default target for this pattern)
Gartley, with a target for point D around 127% extension from AB leg, synced with the AB=CD basic pattern target level; In this case, the both default targets are very close at 38.2% and 61.8% fib retracement;
Buy Low, Sell High...
I think we are a good buy position, the risk / reward is acceptable, we have a good support beneath our feet, I hope not to freeze them inside those icy waters;
Safe Trades;
open.spotify.com/track/0845HqTr6DYmaxIEESBmSz
Crab pattern with a target for point D around previous structure highs; (161.8% extension - 155$)
Sell at D, in this set the price can eventually fall to test again the support at 127% (the 2nd default target for this pattern)
Gartley, with a target for point D around 127% extension from AB leg, synced with the AB=CD basic pattern target level; In this case, the both default targets are very close at 38.2% and 61.8% fib retracement;
Buy Low, Sell High...
I think we are a good buy position, the risk / reward is acceptable, we have a good support beneath our feet, I hope not to freeze them inside those icy waters;
Safe Trades;
open.spotify.com/track/0845HqTr6DYmaxIEESBmSz
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.