Elliott Wave Technical Analysis: Honeywell International Inc., Oct. 31

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).


More By This Author:

Theta Token Elliott Wave Technical Analysis - Oct. 31, 2022
SP500 NASDAQ RUSSELL 200 DJI Elliott Wave Analysis
Elliott Wave Technical Analysis: Intel Corp.

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.