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Honeywell Inc.(HON:NASDAQ)Elliott Wave Technical Analysis 27 January 23


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Honeywell Inc.,Elliott Wave Technical Analysis

Honeywell Inc.,(HON:NASDAQ): Daily Chart, 27 January 23,

HONStock Market Analysis:Honeywell has been moving as expected after a clear three wave pullback which confirms the overall trend is to the upside. Looking for additional confirmation we are not going to double correct.

HONElliott WaveCount:Wave{i} of1.

HONTechnical Indicators:20EMA as resistance.

HONTrading Strategy:Looking for a break of wave B to confirm longs.

TradingLounge Analyst: Alessio Barretta

 

HON_1_27.png.bd5a659b640e591844e80e49de5b2089.png

 

Honeywell Inc., HON:4-hour Chart, 27 January 23,

Honeywell Inc.,Elliott Wave Technical AnalysisHONStock Market Analysis:As you can see it looks like we are extending into wave (iii) as wave (i) appears to be a clear five wave sequence.If the count iscorrect we should see a sharp move to the upside.

HONElliott Wave count:Waveiii of(iii).

HONTechnical Indicators:Above all averages.

HONTrading Strategy:Waiting for a break of wave B.

HON_4H.png.ff68fece5a8cfe25c9ecfd77753cad6c.png

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