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Honeywell International Inc.(HON:NASDAQ) Elliott Wave Technical Analysis September 15 2022


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Honeywell International Inc., Elliott Wave Technical Analysis

Honeywell International Inc.,(HON:NASDAQ): Daily Chart, September 15 2022
HONStock Market Analysis:Looking for a three wave pullback to be nearly completed.

HON Elliott Wave count:  {c} of 2.
HONTrading Strategy:Wait for wave {i} of 3 to have further upside confirmation.

HONTechnical Indicators:We are below all averages, but the RSI is getting into the oversold area.

TradingLounge Analyst: Alessio Barretta

 HON_9_15.png.546be36fd93bf4ef8993498810a30f15.png

 

 

 

Honeywell International Inc.,HON: 4-hour Chart, September 15 2022

Honeywell International Inc.,Elliott Wave Technical Analysis
HON Stock Market Analysis: Looking for wave {c} to be nearly completed.

HONElliott Wave count:  (v) of {c}.

HON Technical Indicators: We are below all averages but we are starting to form bullish divergence on the RSI.

HONTrading Strategy: Looking for upside resumption first.

HON_4H.png.5367616a616df32cd25afd0f105cfe50.png

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