Manufacturer of aerospace & defence systems and jetliners, Dow component Boeing, has completed a 5-wave Elliott impulse formation between April 2003 and October 2007. Current price action may be scheduled to rally towards the underside of the Neckline of a broken Head & Shoulders pattern (coinciding with the 38.2% Fibonacci retracement level of the 5-wave Elliott move), where wave-c of a corrective a-b-c formation may resume.
1 comment:
Hi Steve,
Thanks for your very interesting posts.
I appreciate your use of Elliott Waves next to other charting tools.
Can I ask you what you think about
BZP:AMEX
PBR:NYSE
RIG:NYSE
FWLT:NASDAQ?
Thanks,
Max
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