Honeywell International Inc.(HON:NASDAQ) Elliott Wave Technical Analysis October 26 2022

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Honeywell International Inc., Elliott Wave Technical Analysis

Honeywell International Inc., (HON:NASDAQ): Daily Chart, October 26 2022, 

HON Stock Market Analysis:there is a possibility we have a significant bottom in place asshown. The alternate would be we just completed wave 1 of (C).

HON Elliott Wave count: Wave 3 of (1)

HON Technical Indicators:We are now touching the 200EMA with strong upside momentum.

HON Trading Strategy:Concerning long term positions it’s better to wait for a break of wave (B)to invalidate the bearish alternate.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Honeywell International Inc., HON: 4-hour Chart, October 26 2022

Honeywell International Inc., Elliott Wave Technical Analysis

HON Stock Market Analysis: Looking for a nest within wave 3 which should takes us higher. Weare close to 1.618 3 vs 1 as shown, however if the count is unfolding as labelled we could easilyexpect to reach the 2.618.

HON Elliott Wave count: Wave (iii) of {iii}.

HON Technical Indicators: Above all EMAs

HON Trading Strategy:Looking to place long on every three wave pullback starting from thepotential upcoming wave (iv).