By
Peter Mathers
of
Trading Lounge
Friday, November 4, 2022 7:16 AM EST
Honeywell International Inc., Elliott Wave Technical Analysis
Honeywell International Inc., (HON): Daily Chart, November 4 2022,
HON Stock Market Analysis: Moving l as predicted in the last forecast. We could be in the making of wave {iv} looking for further upside as there should be more room to move higher.
HON Elliott Wave Count: Wave {iv} of 3.
HON Technical Indicators: Above all EMAs.
HON Trading Strategy: Looking for entries within wave {iv} exiting soon as another wave 4could come very soon.
(Click on image to enlarge)
Honeywell International Inc., HON: 4-hour Chart, November 4 2022
Honeywell International Inc., Elliott Wave Technical Analysis
HON Stock Market Analysis: It looks like we could have further downside to come into wave (c)of {iv}.
HON Elliott Wave count: Wave (c) of {iv}.
HON Technical Indicators: Abovee all EMAs.
HON Trading Strategy:Waiting for the completion of wave {iv} before considering longs.
More By This Author:
DAX 40, FTSE 100, EUROSTOXX 50, DXY, GBPUSD, EURUSD - Elliott Wave Technical Analysis
Bitcoin Price Index | BTC Elliott Wave Analysis
S&P 500 Index Elliott Wave: Bear Market Wave (3)
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
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.
less
How did you like this article? Let us know so we can better customize your reading experience.