13Dec
Honeywell International Inc., Elliott Wave Technical Analysis 13 December 2022
Honeywell International Inc., Elliott Wave Technical Analysis 13 December 2022
4 Hour
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 clear five wave move off the lows.
Daily
Honeywell International Inc., Elliott Wave Technical Analysis
Honeywell International Inc., (HON:NASDAQ): 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.
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