Jump to content

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


Recommended Posts

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

HON_8_19.png.1edbc1ef9542f4969643d2111e24b2e8.png

 


 

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.

 HON_4H.png.9f831d1b35b7f9480943c15ed0ebed2a.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • In the previous year, #bullrun2024 had been a trending hashtag as most crypto enthusiasts continually drooled over the prospects of witnessing another bull cycle. 2024 is finally here and so far so good has produced only fireworks. BTC has soared to 60k+, the market is green, and there’s a general sense that the bulls are returning. If there’s one thing that pays most in such bullish market, it is the flair to spot early gems and position oneself before a breakout. In that regard, Bitget has been my plug for a few years running. The early listing of $ORDI last year for instance before Binance listing 7 months after, and a surge ultimately is well documented. This year alone, Bitget has continued its wealth creation for users nicely, coins like $PORTAL, $GPT, $GTAI and so on have gone on to print for investors as depicted in the picture below. Web3 rewards not just active participation, but strategic positioning. There’s no gainsaying that the key to securing insane profits in this market is by positioning early and strategically too. Bitget’s eagle-eye for spotting early gem is a flex. Numbers don’t lie.  
    • Portal itself is awesome. Those who haven't got any airdrop, I think it's best time to accumulate for them.. tho, I'm gonna DCA....
    • Nope the hype is worth it. The project is dope itself as well as the team. Already deposited my bag at Bitget... Let's hope for the best 🤞
×
×
  • Create New...
us