Greenline -Primary trend support
Yellow line - H&S neck line
White line- Possible bear flag /Minor support
That H&S took almost 10 months to form which means its strong resistance there. Boeing will need a strong catalyst or company news to break above that neck line.
If it falls through bearflag
Tp 1st Is purple line (200ma/Fib support)
Tp 2nd Primary trendline
Bullish scenario - i wouldnt go long here unless it can reclaim 245 fib support. That would put it back over its 100/50ma and H&S neckline
Yellow line - H&S neck line
White line- Possible bear flag /Minor support
That H&S took almost 10 months to form which means its strong resistance there. Boeing will need a strong catalyst or company news to break above that neck line.
If it falls through bearflag
Tp 1st Is purple line (200ma/Fib support)
Tp 2nd Primary trendline
Bullish scenario - i wouldnt go long here unless it can reclaim 245 fib support. That would put it back over its 100/50ma and H&S neckline
