Massive breakout ahead!!

The Boeing Company:

We’re currently within a large overarching blue structure and have reached its reversal zone, correcting at the lower boundary. This allowed us to form a purple structure, which has also corrected deeply into its levels and slightly rebounded. The structure remains inactive, as indicated by the grey circle marking where activation would occur.

The absence of impulsive moves and the corrective, stagnant wave pattern suggests a premature reaction at the overarching green level, indicating strong bearish influence. This is highlighted by the red circle.

I expect the purple structure to continue, and I'm cautiously long with careful risk management. I'm observing the reaction at the turquoise bearish level. If we see another correction and form a sub-ordinate structure, I’ll use it to expand my long position, aiming for the purple resistance line as my initial target in the coming weeks.

I still see the target levels as relevant and strongly believe we’ll reach the $385 mark, potentially exceeding it. Boeing tends to overshoot target levels with impulsive movements, and the long sideways phase suggests energy accumulation for a breakout.

I plan to take profits at the purple resistance line, then target the purple target level. I’ll only close my position at the blue activation line, anticipating a larger correction there. But that’s something to handle once we’ve secured profits.