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

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Honeywell International Inc., Elliott Wave Technical Analysis

Honeywell International Inc.,(HON:NASDAQ): Daily Chart, September 19 2022, 
HONStock Market Analysis:Moving as expected, we have a deep wave 2 which often times is the usual. At this point we need to start moving higher or else the count will most likely be invalidated.

HON Elliott Wave count:  {c} of 2

HONTrading Strategy:Looking for a bounce in wave {i} to then place longs.

HONTechnical Indicators: The RSI has reached oversold territory as well as the MACD.

TradingLounge Analyst: Alessio Barretta

 

 

 

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

Honeywell International Inc.,Elliott Wave Technical Analysis
HON Stock Market Analysis: We nicely filled the gap on the left, represented by the highlighted rectangle. We also reached the 78.6% net retracement as well as past equality of {a} and {c}, highlighted by the orange line.

HONElliott Wave count:  {c} of 2.

HON Technical Indicators: Stating to form bullish RSI divergence

HONTrading Strategy: Look for a clear five waves up into wave {i} to then look for longs.