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Honeywell International Inc.(HON:NASDAQ) Elliott Wave Technical Analysis August 19, 2022

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Honeywell InternationalInc., Elliott Wave Technical Analysis

Honeywell International Inc.,(HON:NASDAQ): Daily Chart, August 19, 2022, 
HONStock Market Analysis: Looking for a resumption of the overall uptrend. The move off the low appears to be impulsive as we can count a potential five wave move.

HON Elliott Wave count:  {v} of 3.
HONTrading Strategy: Looking for a break of wave (b) on the left and then potentially the end of wave 4 to then set up longs.

HONTechnical Indicators:Above all EMAs and starting to form RSI divergence.

TradingLounge Analyst: Alessio Barretta




Honeywell International Inc.,HON: 4-hour Chart, August 19 2022, 

Honeywell International Inc.,Elliott Wave Technical Analysis
HONStock Market Analysis: Looking for continuation higher, the 1.618 3vs 1 is at 207$ which represents the next target.

HONElliott Wave count:  Wave {v} of 3.
HON Technical Indicators:All technical indicators suggest for further upside.

HONTrading Strategy:On short time frames every pullback should be supported therefore look for longs.


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