Growth is possible.

On the daily chart, the first entry wave of the highest level 1 of (5) and the correctional second wave 2 of (5) ended. Now, the third wave 3 of (5) and the first entry wave of the lowest level i of 3 have started. If the assumption is correct, the asset will grow to the area of 223.00–266.70. In this scenario, the critical stop loss level is 161.40.

The shares of The Boeing Co., one of the largest manufacturers of aviation and space technology, are trading within a corrective trend at 193.00.