Boeing: ⬇️ Sell
– Boeing reversed from the resistance area
– Likely to fall to support level 222.00
Boeing recently reversed from the resistance area between the resistance levels 240.00 (which stopped impulse wave (C) in July), 235.40 (top of the previous wave A) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped earlier medium-term ABC correction (2) from the end of July.
Boeing can be expected to fall toward the next support level 222.00 (low of the previous minor correction B from last month).
Source: Fxpro