Elliott Wave Technical Analysis: Honeywell International Inc., Tuesday, Dec. 13
Honeywell International Inc., Elliott Wave Technical Analysis
Honeywell International Inc., (HON): Daily Chart, December 13, 2022
HON Stock Market Analysis: Moving higher as expected from the previous forecast. We are looking at one last move higher into wave 5 to then complete higher degree wave (1).
HON Elliott Wave Count: Wave 4 of (1).
HON Technical Indicators: 20EMA acting as support,
HON Trading Strategy: Looking for further confirmation that wave 4 has finished before considering longs.
TradingLounge Analyst: Alessio Barretta
Honeywell International Inc., HON: 4-hour Chart, December 13, 2022
Honeywell International Inc., Elliott Wave Technical Analysis
HON Stock Market Analysis :It looks like we have a clear five wave move in wave {c} and the overall correction could be finished as we are also reacting from the parallel trend channel.
HON Elliott Wave count: Wave {c} of 4.
HON Technical Indicators: 20EMA acting as resistance.
HON Trading Strategy: Looking for longs once we break the top of wave {b} and we see a clearfive wave move off the lows.
More By This Author:
Elliott Wave Technical Analysis: Polkadot / U.S. Dollar, Tuesday, Dec. 13
Elliott Wave Technical Analysis: United Parcel Service Inc., Daily Chart, Monday, Dec. 12
Chainlink / U.S.dollar(LINKUSD) Elliott Wave Technical Analysis 12 December 2022
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