By
Peter Mathers
of
Trading Lounge
Monday, October 31, 2022 7:15 AM EDT
Honeywell International Inc., Elliott Wave Technical Analysis
Image via Honeywell
Honeywell International Inc., (HON): Daily Chart, October 31 2022,
HON Stock Market Analysis: Moving exactly as predicted form the previous update. We mentioned how to have confirmation we were expecting a sharp move to the upside to confirm the nest scenario and it eventually came.
HON Elliott Wave count: Wave {iii} of 3.
HON Technical Indicators: Above all EMAs.
HON Trading Strategy: Build long positions on the next significant pullback, most likely in wave(iv)
TradingLounge Analyst: Alessio Barretta
Honeywell International Inc., HON: 4-hour Chart, October 31 2022
Honeywell International Inc., Elliott Wave Technical Analysis
HON Stock Market Analysis: Looking for a series of threes and fours to keep taking us higher.
HON Elliott Wave count: Wave (iii) of {iii}.
HON Technical Indicators: Above all EMAS.
HON Trading Strategy: Build long positions on the next significant pullback, most likely in wave(iv).
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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