Honeywell Inc.(HON:NASDAQ) Elliott Wave Technical Analysis 20 January 23

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Honeywell Inc., Elliott Wave Technical Analysis

Honeywell Inc., (HON:NASDAQ): Daily Chart, 20 January 23,

HON Stock Market Analysis: Looking for a pullback in wave (2) to find support soon. We Broke previous wave (B) which gives us additional confidence to the fact we are in a wave (1).

HON Elliott Wave Count: Wave C of (2).

HON Technical Indicators: Looking for support on the 200EMA

HON Trading Strategy: Looking for the end of wave (2) to enter long.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Honeywell Inc., HON: 4-hour Chart, 20 January 23,

Honeywell Inc., Elliott Wave Technical Analysis

HON Stock Market Analysis: We have reached and past equality of C vs. A and we barely passed the 200EMA. I would not like to see 1.618 being broken.

HON Elliott Wave count: Wave {v} of C.

HON Technical Indicators: Below all averages.

HON Trading Strategy: Waiting for a turn to start looking for longs.