Boeing Wave Analysis – 4 March 2025

– Boeing broke the support zone

– Likely to fall to support level 153.00

Boeing recently broke the support zone between the support level 165.00 (the former monthly low from January which stopped wave B) and the 50% Fibonacci correction of the upward ABC correction 2 from November.

The breakup of this support zone accelerated the active impulse wave 1 which belongs to wave (1) from last month.

Boeing can be expected to fall further toward the next support level 153.00, which topped the previous correction 4 in December.

Source: https://fxpro.news