Super Squeeze On Zcash Monthly I’ve believed a lot in zcash over the years. Held the top and did other things. Looking at the chart again Im thinking it’s time to buy some more. This project has always seemed like a long term company in my opinion and I’ve always looked at it like a real competitor to Bitcoin. The price has been very bearish overall but looking at the bigger timeframes things are looking to be at a reversal/resolution. I used to call it Zcash the stash and bought a bag at $65. Like I said I’m tripling down. Na. Quadrupling down. You get the vibe. Unless you’re blind, you see the squeeze.
Setup
CHINA50 to find support near market price?CHN50 - 24h expiry
Trend line support is located at 13265.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 13350 will confirm the bullish momentum.
The measured move target is 13500.
We look to Buy at 13265 (stop at 13165)
Our profit targets will be 13465 and 13500
Resistance: 13250 / 13400 / 13500
Support: 13300 / 13265 / 13250
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCAD in a corrective channel to continue in the downward move?USDCAD - 24h expiry
There is no clear indication that the downward move is coming to an end.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.4175 will confirm the bearish momentum.
The measured move target is 1.4125.
We look to Sell at 1.4235 (stop at 1.4285)
Our profit targets will be 1.4135 and 1.4125
Resistance: 1.4200 / 1.4235 / 1.4250
Support: 1.4150 / 1.4135 / 1.4125
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
POWER CEMENT PERFECT SETUP FVG + HIGHER HIGH RETEST AND BREAKOUTPower cement fair value gap plus higher high retest at 9.75. also, there was an accumulation box on the higher time frame. the liquidity was resting in the higher high retest in the fair value gap. the stock absorbed all the liquidity at 9.75 and gave a breakout at 10.30, rallying quickly 8 percent in 2-3 hours. that’s how the smart money and the big institutes play!!
USDCHF to find buyers at market price?USDCHF - 24h expiry
Levels close to the 78.6% pullback level of 0.9151 found sellers.
We expect a move lower in a corrective sequence, targeting Fibonacci retracement levels.
Buying continued from the 50% pullback level of 0.9083.
We look to buy dips.
Offers ample risk/reward to buy at the market.
We look to Buy at 0.9083 (stop at 0.9058)
Our profit targets will be 0.9153 and 0.9168
Resistance: 0.9115 / 0.9140 / 0.9156
Support: 0.9089 / 0.9070 / 0.9055
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDUSD to see a temporary move lower?NZDUSD - 24h expiry
A lower correction is expected.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5650 will confirm the bullish momentum.
The measured move target is 0.5700.
We look to Buy at 0.5625 (stop at 0.5605)
Our profit targets will be 0.5675 and 0.5700
Resistance: 0.5650 / 0.5675 / 0.5700
Support: 0.5625 / 0.5610 / 0.5600
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDJPY to continue in the downward move?AUDJPY - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 95.25 will confirm the bearish momentum.
The measured move target is 94.50.
We look to Sell at 95.70 (stop at 96.05)
Our profit targets will be 94.70 and 94.50
Resistance: 95.50 / 95.70 / 96.00
Support: 95.25 / 95.00 / 94.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
PYPL : Another Dive or Finally Time to Buy?PayPal (PYPL) has been getting slapped around like a rookie in a heavyweight fight. The stock is now chilling above a thick support zone—right above the 50% and 61.8% Fibonacci retracement levels. Sounds like fancy chart talk, but all it really means is: This could be where the pain finally stops.
There's also an unfilled gap across multiple timeframes, and gaps like these tend to get filled at some point. If NASDAQ:PYPL keeps sliding, it might take out the previous quarterly low. Why does that matter? Because these lows act like a magnet, dragging price down just enough to shake out weak hands before launching higher. That’s when the selling pressure finally dies down. And the RSI? Almost in the basement—last time we saw this (November 2023), PYPL ripped higher shortly after.
My plan? Set alerts, watch closely, and pounce when the signs point to a reversal. I’m not about to catch a falling knife, but if this thing turns around, I sure as hell don’t want to be left behind.
USDCAD at a crucial support.USDCAD - Intraday
The selloff has posted an exhaustion count on the intraday chart.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.4350 will confirm the bullish momentum.
The measured move target is 1.4425.
We look to Buy at 1.4300 (stop at 1.4260)
Our profit targets will be 1.4400 and 1.4425
Resistance: 1.4350 / 1.4400 / 1.4425
Support: 1.4300 / 1.4275 / 1.4250
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distribut
CN50 forming a bottom?CHN50 - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 12750.
Price action looks to be forming a bottom.
A move through 12900 will confirm the bullish momentum.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
The measured move target is 13100.
We look to Buy at 12800 (stop at 12700)
Our profit targets will be 13000 and 13100
Resistance: 12900 / 13000 / 13100
Support: 12850 / 12800 / 12750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distribut
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5700 will confirm the bullish momentum.
The measured move target is 0.5750.
We look to Buy at 0.5675 (stop at 0.5655)
Our profit targets will be 0.5725 and 0.5750
Resistance: 0.5700 / 0.5725 / 0.5750
Support: 0.5675 / 0.5650 / 0.5625
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
DXY Risky Long! Buy!
Hello,Traders!
DXY has been making some
Pretty wild moves on the
Recent geopolitical news
Lately so we need to be
Trading this index with
Caution, however, the
Dollar index is approaching
A horizontal support of 107.000
From where we will be
Expecting a local
Bullish correction
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
USDCHF to find buyers at market price?USDCHF - 24h expiry
Our short term bias remains positive.
The primary trend remains bullish.
We look to buy dips. 50
4hour EMA is at 0.9094.
Setbacks should be limited to yesterday's low.
We look to Buy at 0.9095 (stop at 0.9068)
Our profit targets will be 0.9174 and 0.9184
Resistance: 0.9131 / 0.9160 / 0.9197
Support: 0.9093 / 0.9080 / 0.9060
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 87.35.
We look to Sell at 87.35 (stop at 87.70)
Our profit targets will be 86.05 and 85.70
Resistance: 87.00 / 87.50 / 88.00
Support: 85.85 / 85.50 / 85.20
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURGBP - Bearish ReversalHello traders
EURGBP has been slowly grinding up since 9 January with there being a trendline holding this slight uptrend. But it broke out of the trendline last week and it retested it. The ideal entry would have been on the retest but let's hope this 4H fvg gets filled then price goes down.
Furthermore, the rsi has been making lower lows while price was making higher highs showing bearishness. Add to this that this setup is forming on a daily resistance zone as per the chart.
EURJPY setbacks to be capped by a previous low?EURJPY - Intraday expiry
Price action looks to be forming a bottom.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
We look for a temporary move lower.
Further upside is expected although we prefer to buy into dips close to the 160.90 level.
We look to Buy at 160.60 (stop at 159.83)
Our profit targets will be 163.58 and 164.10
Resistance: 162.00 / 163.80 / 166.70
Support: 160.55 / 159.10 / 157.05
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDUSD to remain mixed?NZDUSD - 24h expiry
Pivot support is at 0.5640.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 0.5675 will confirm the bullish momentum.
The measured move target is 0.5750.
We look to Buy at 0.5640 (stop at 0.5610)
Our profit targets will be 0.5725 and 0.5750
Resistance: 0.5675 / 0.5700 / 0.5750
Support: 0.5640 / 0.5625 / 0.5600
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SHORT SILVER (XAGUSD) Based on Trend Exhaustion & Mean ReversionThe line-work pretty much spells it out ...
Not shown are the pitchforks that generated some of the trendlines. The Resistance/Support Channel is derived from the same. The AVWAP establishes the "horizontal" (i.e. "momentary) component of the range, while the diagonals establish the "arguably more reliable"trading range. The anchored Volume Profile lends further corroboration.
NZDJPY to remain mixed and volatile?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 88.60.
We look to Sell at 88.60 (stop at 88.95)
Our profit targets will be 87.60 and 87.25
Resistance: 88.25 / 88.70 / 89.00
Support: 87.60 / 87.20 / 87.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
BTCUSDT Fresh Short Setup: Targeting Key Support Zones with SMC Description:
This trade setup presents a Bitcoin short opportunity on the 4H timeframe using the Smart Money Concepts (SMC) framework. After a significant reaction from the supply zone, Bitcoin's price structure aligns with bearish confluences, signaling potential downside. Additionally, external events, such as the recent announcement of China's AI application "DeepSeek," may have amplified market volatility, further supporting the setup.
Trade Setup:
Entry:
Between 103,300 and 104,500
Take-Profit Levels (TP):
101,897
99,825
97,565
95,208
Stop Loss (SL):
Above 105,975
Analysis and Confluences:
Market Structure:
Bitcoin remains in a bearish trend on the 4H timeframe, with consistent lower highs and lower lows.
Supply Zone:
The price is entering the 103.3k–104.5k supply zone, a key resistance area where sellers are expected to dominate.
Fibonacci Confluence:
This zone overlaps with the 0.618–0.786 Fibonacci retracement levels, a high-probability reversal area.
Liquidity Sweeps:
Liquidity above previous highs has been swept, leaving the path clear for potential downside.
Bearish Targets:
The targets align with previous demand zones and liquidity pools at 101,897, 99,825, 97,565, and 95,208.
Trade Plan:
Confirmation: Wait for bearish price action signals or smaller timeframe BOS (Break of Structure) within the supply zone before entering.
Risk Management: Adjust position size to keep risk within acceptable levels. After reaching TP1, move your stop loss to breakeven and secure partial profits.
Final Note: While bearish bias dominates, unexpected macroeconomic events can cause reversals, so use tight risk management.
SAFEMOON - Not so safe for the medium termIt looks as though there could be a fractal for SAFEMOON. Historiclally, we've seen rises like this but only to be dissapointed and for the trend to be reversed again. I've drawn out a blue line of what the most likely trajectory will occur. The only other alternative is that the upward trend will continue, buying action will surge and we will see a bursting through of the upper trend line and escape the channel. If it comes back within the channel momentarily, that's fine - but not if the volume dies down and we stay within. So, it doesn't look great for an investment and I wont be putting anyting into it. Follow for more.
Boeing (BA): Is Boeing Finally Breaking the Bearish Trend?Boeing has faced significant challenges since March 2020, and when zoomed out, the stock has been trading in a well-defined range between $265 (range high) and $120 (range low), with the mid-range at $192. These levels have been respected repeatedly. From an Elliott Wave perspective, starting the count from the COVID low, we’ve observed consistently deep wave 2 corrections. Following the recent low of $138 in November 2023, we believe Boeing has broken the bearish trend that began in December 2022, signaling a trend reversal.
Currently, we anticipate the completion of the very minor wave (i) soon, followed by wave (ii) correction between the 61.8% and 88.2% Fibonacci retracement levels. To safeguard against Boeing’s historically deep corrections, we are placing the stop-loss slightly below 100% of wave 2.
Looking ahead, the wave structure suggests that Boeing could eventually break out of this long-standing range. For now, the focus is on reclaiming and holding the mid-range level at $192. Our target in this setup is to reach $265 (range high), but it is crucial to first see the mid-range flipped into support.
Key Levels:
Support: $147
Resistance: $192