By
Peter Mathers
of
Trading Lounge
Monday, September 19, 2022 6:49 AM EST
Honeywell International Inc., Elliott Wave Technical Analysis
Honeywell International Inc., (HON): Daily Chart, September 19 2022,
HON Stock Market Analysis: Moving as expected, we have a deep wave 2 which often times is the usual. At this point we need to start moving higher or else the count will most likely be invalidated.
HON Elliott Wave count: {c} of 2
HON Trading Strategy:Looking for a bounce in wave {i} to then place longs.
HON Technical Indicators: The RSI has reached oversold territory as well as the MACD.
TradingLounge Analyst: Alessio Barretta

Honeywell International Inc., HON: 4-hour Chart, September 19 2022
Honeywell International Inc., Elliott Wave Technical Analysis
HON Stock Market Analysis: We nicely filled the gap on the left, represented by the highlighted rectangle. We also reached the 78.6% net retracement as well as past equality of {a} and {c}, highlighted by the orange line.
HON Elliott Wave count: {c} of 2.
HON Technical Indicators: Stating to form bullish RSI divergence
HON Trading Strategy: Look for a clear five waves up into wave {i} to then look for longs.

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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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