Boeing - How high can it fly?

Boeing - How high can it fly? 

Boeing has gone supersonic and is close to leap into space... But is this time different and it will become weightless or will gravity make its influence pulling Boeing back down? You can be sure that it's the later that will win causing a major plunge in a not too distant future. 

The reward to risk ratio no longer favor staying long in Boeing. Wave 3/ of 5 has already seen a 500% extension of wave 1/ and is close to being a 161.8% extension of wave 1 through wave 3 added to the low of wave 4. 

I expect wave 3/ will peak at 295.75 for a correction towards at least 255 and maybe even closer to 231 before the final spike higher to 311 to complete wave 5/ of 5. This will be when gravity finally will pull Boeing back to earth, for a strong decline to 175.50. 

Don't fall in love and fly away with Boeing at these levels...  

Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...
Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...