Boeing Company (BA) Long Setup
Probable **Wave (5)** upside impulse from the recent \$225.26 low.
* Wave (4) looks complete — bullish structure shift starting from LL.
* Price is now breaking minor resistance, building momentum for continuation.
* **Demand Zone:** \$224.00–\$226.00 — proven bounce area, high-volume rejection
* **Supply Zone:** \$242.70–\$243.00 — last bearish engulfing + strong wick rejection
* RSI still recovering from **bullish divergence** on LL.
* **Entry:** \$227.75 (current consolidation near breakout)
* **Stop Loss:** \$224.00 (beneath recent low and demand)
* **Take Profit :** \$243.00 (supply zone)
* **Risk/Reward:** \~**3.0 R**
“In trading, the moment you think you’ve figured it out, the market humbles you.” – Mark Douglas*
#### ⚠️ **Disclaimer:**
This chart analysis is for educational purposes only and not financial advice. Always do your own research, manage risk, and trade responsibly.
Probable **Wave (5)** upside impulse from the recent \$225.26 low.
* Wave (4) looks complete — bullish structure shift starting from LL.
* Price is now breaking minor resistance, building momentum for continuation.
* **Demand Zone:** \$224.00–\$226.00 — proven bounce area, high-volume rejection
* **Supply Zone:** \$242.70–\$243.00 — last bearish engulfing + strong wick rejection
* RSI still recovering from **bullish divergence** on LL.
* **Entry:** \$227.75 (current consolidation near breakout)
* **Stop Loss:** \$224.00 (beneath recent low and demand)
* **Take Profit :** \$243.00 (supply zone)
* **Risk/Reward:** \~**3.0 R**
“In trading, the moment you think you’ve figured it out, the market humbles you.” – Mark Douglas*
#### ⚠️ **Disclaimer:**
This chart analysis is for educational purposes only and not financial advice. Always do your own research, manage risk, and trade responsibly.
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.
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.