Honeywell Int. (HON):

in money •  6 months ago


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Honeywell International (HON) has likely initiated the wave 4 correction as shown in the below chart. This wave 4 could retrace 38% of the rise and that's pretty common. Perhaps it would coincide with a minor economic recession?

The red ABC sequence is projected as the corrective price pathway. However, it could morph into a triangle or any of 34 combinations. The blue line projects a 0.618 of wave 1 pathway to wave 5.

The bigger picture shows that the white waves are actually subwaves to blue wave 3 as shown below. This means that in the long run, HON is not finished delivering some massive profits! IF white wave 5 equates to the peak of blue wave 3; then blue 4 will cause quite a bit of fear.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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i need no further research. you say it all. am blessed to have you on steemit. thanks alot i have to resteem.

Nice piece

AQUÍ ESTOY MANO SIEMPRE EN APOYO A sus espectaculares publicaciones

Going all in!

Great post! I upvoted you :) Thank you for sharing!