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

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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.