Jump to content

Honeywell International Inc.(HON:NASDAQ) Elliott Wave Technical Analysis November 16 2022

Recommended Posts

Honeywell International Inc., Elliott Wave Technical Analysis

Honeywell International Inc., (HON:NASDAQ): Daily Chart, November 16 2022, 

HON Stock Market Analysis: It has been moving as expected every since the last forecast. We arelooking for a potential wave 4 to come soon to then be able to complete this five wave sequenceinto wave (1).

HON Elliott Wave Count: Wave {v} of 3.

HON Technical Indicators:Above all averages, RSI bearish divergence.

HON Trading Strategy:Waiting for a pullback in wave 4 to then consider longs.

TradingLounge Analyst: Alessio Barretta






Honeywell International Inc., HON: 4-hour Chart, November 16 2022

Honeywell International Inc., Elliott Wave Technical Analysis

HON Stock Market Analysis: We could have a potential ending diagonal in wave {v} as labelled.Looking for a harp move lower soon.

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

HON Technical Indicators: Above all averages, RSI bearish divergence.

HON Trading Strategy:We have strong RSI bearish divergence, we could be looking for quickshorts once we get the initial move down to have us started with wave 4.


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

    • DIMO's platform seems to be shaking things up in the car world! Being able to get useful info about your car easily sounds great for drivers. And now that their token is on Bitget exchange, more people can get in on it. Super exciting news!
    • Just for completeness, I mean lists of companies. Many thanks, Peter
    • It’s one of the most popular traded markets on our end, and we take a look at the S&P 500’s technical overview in both weekly and daily time frames, the strategies to deploy for conformist, contrarian and ‘hold’ camps.   Written by: Monte Safieddine | Market analyst, Dubai   Publication date: Tuesday 27 February 2024 06:48 Dive into the conflicting sentiments of IG clients versus COT speculators and stay ahead of the game with upcoming market events. Don't miss out on this essential guide to understanding the current state of the S&P 500 and preparing for what lies ahead!       This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.    
  • Create New...