On the weekly chart, Boeing has formed a classic falling wedge — a bullish reversal pattern that typically signals the end of a correction phase. After a sharp decline from $267.97 to $138, price action began to compress within a wedge, forming lower highs and higher lows on declining volume — a textbook setup for a breakout.
The structure remains active: a confirmed breakout above the upper wedge boundary, with a retest near $181.60 (0.618 Fibonacci retracement), would validate the pattern and trigger the next upward phase.
The projected move (H) equals the height of the previous impulse — $130.02. Adding this to the base of the wedge (~$138) yields a technical target of $268.00, aligning with the previous high and completing the structural recovery.
Technical summary:
– Multiple confirmations of wedge support
– Volume declining into the apex (bullish)
– Entry zone: breakout + retest at $181.60
– Mid-level resistance: $198.09 (0.5 Fibo)
– Final target: $267.97–$268.00 (H-projection complete)
Fundamentals:
Despite operational setbacks, Boeing remains structurally positioned for recovery as demand for commercial aircraft rebounds. Additional support could come from improving supply chains, increased defense contracts, and a more dovish outlook from the Federal Reserve heading into 2025.
A breakout above $181.60 and sustained momentum would confirm the falling wedge pattern and activate the H-measured move toward $268. This is a structurally and fundamentally supported mid-term recovery setup
The structure remains active: a confirmed breakout above the upper wedge boundary, with a retest near $181.60 (0.618 Fibonacci retracement), would validate the pattern and trigger the next upward phase.
The projected move (H) equals the height of the previous impulse — $130.02. Adding this to the base of the wedge (~$138) yields a technical target of $268.00, aligning with the previous high and completing the structural recovery.
Technical summary:
– Multiple confirmations of wedge support
– Volume declining into the apex (bullish)
– Entry zone: breakout + retest at $181.60
– Mid-level resistance: $198.09 (0.5 Fibo)
– Final target: $267.97–$268.00 (H-projection complete)
Fundamentals:
Despite operational setbacks, Boeing remains structurally positioned for recovery as demand for commercial aircraft rebounds. Additional support could come from improving supply chains, increased defense contracts, and a more dovish outlook from the Federal Reserve heading into 2025.
A breakout above $181.60 and sustained momentum would confirm the falling wedge pattern and activate the H-measured move toward $268. This is a structurally and fundamentally supported mid-term recovery setup
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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.
🔗 Сайт totoshkatrades.com
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
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.