Boeing Wave Analysis – 5 August 2025

Boeing: ⬆️ Buy

– Boeing reversed from the support zone

– Likely to rise to resistance level 230.00

Boeing recently reversed up from the support zone between the pivotal support level of 217.50 (former top of wave 1 from June) and the lower daily Bollinger Band.

This support zone was further strengthened by the 50% Fibonacci correction of the upward impulse i from June.

Given the clear daily uptrend, Boeing can be expected to rise to the next resistance level 230.00 –  the breakout of which can lead to further gains toward 240.00.

Source: https://fxpro.news