Boeing is approaching the low of wave (4) in magenta, but still has got room left to expand this movement further southward. As soon as it is finished, though, the share should turn upward to steer above the resistance at $228.16, heading for the dark green zone between $251.82 and $288.54. There, Boeing should complete wave 1 in dark green before maneuvering southward again. However, there is a 34% chance that the share could have concluded wave alt.1 in dark green by now. In that case, it would spin below the support at $173.85 and into the lower dark green zone between $168.58 and $141.08 to already develop wave alt.2 in dark green. This low would then initiate further upward movement.
