Boeing Stock Short-Term Short Trade

Trade Details:

• Entry Price: Shorted at $165.
  
• Pattern Identified: Double Top formation at the $165 level.
  
• Neckline Break: Price broke below $162.38, signaling potential further decline.
  
• Confirmation Zone: Watching the $158-159 range for additional bearish confirmation.
  

Analysis:
The double top pattern indicates a possible reversal from recent highs. The break below the neckline at $162.38 suggests increasing bearish momentum. A move into the $158-159 range may confirm the downward trend.

Trading Plan:

• Stop Loss: Set above $165 to limit potential losses.
  
• Target: Aiming for profits if the price continues to drop below $158.
  
• Time Frame: This is a short-term trade focusing on quick market movements.