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16Nov

Honeywell International Inc., Elliott Wave Technical Analysis Wedensday 16 November 2022

Alessio Barretta |16 Nov, 2022 | 0 Comments | Return|

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Honeywell International Inc., Elliott Wave Technical Analysis Wedensday 16 November 2022

4 Hour

Honeywell International Inc., HON: 4-hour Chart, November 16 2022
Honeywell International Inc., Elliott Wave Technical Analysis
HON Stock Market Analysis: We could have a potential ending diagonal in wave {v} as labelled. Looking for a harp move lower soon.
HON Elliott Wave count:  Wave (v) of {v}.
HON Technical Indicators: Above all averages, RSI bearish divergence.
HON Trading Strategy: We have strong RSI bearish divergence, we could be looking for quick shorts once we get the initial move down to have us started with wave 4.

 


Daily

Honeywell International Inc., Elliott Wave Technical Analysis
Honeywell International Inc.,  (HON:NASDAQ): Daily Chart, November 16 2022,
HON Stock Market Analysis: It has been moving as expected every since the last forecast. We are looking for a potential wave 4 to come soon to then be able to complete this five wave sequence into wave (1).
HON Elliott Wave Count:  Wave {v} of 3.
HON Technical Indicators: Above all averages, RSI bearish divergence.
HON Trading Strategy: Waiting for a pullback in wave 4 to then consider longs.

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