Boeing: ⬇️ Sell

– Boeing broke support zone

– Likely to fall to support level 170.00

Boeing recently broke the support zone between the support level 185.00, 50% Fibonacci correction of the upward impulse from April and the support trendline of the daily down channel from August.

The breakout of this support zone accelerated the active impulse waves v and 3 – which belong to intermediate impulse wave (3) from September.

Boeing can be expected to fall further to the next support level 170.00, target for the completion of the active intermediate impulse wave (3).