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

Honeywell is moving exactly as predicted form the previous update. We mentioned we were expecting a sharp move to the upside to confirm the nest scenario and it eventually came.

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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