HON price outlook: Honeywell International Inc. heading to retest 1.236 support arc. Potential decline toward 213.5

Mohamad Gharib Independent Analyst

Overview

Based on Arc Cycle Analysis applied to the 4h chart, Honeywell International Inc. is trading above the 1.236 Support Arc within the current Arc Cycle. Price may decline to retest this Support Arc at 213.5, and a confirmed breakdown of the Arc could extend the fall toward 198.50.

Metric	Reading
Market Bias	Bearish
Preferred Scenario	Decline to Retest the 1.236 Support Arc
Primary Target Zone	213.5 (retest of the 1.236 Arc)
Scenario Invalidation	Sustained close above 223.5
Current Arc Level	Above Support Arc (1.236)
Cycle Status	Approaching Support Arc Retest
Extended Target	198.50 (on a confirmed breakdown of the 1.236 Arc)

Market outlook

Price is expected to decline and retest the 1.236 Support Arc at 213.5, which is the primary scenario of this analysis. In case of a confirmed breakdown of this Arc, the market may extend its fall toward 198.50.

Conversely, a sustained 4h close above 223.5 would fade this bearish scenario and make this signal no longer valid.

Author

Mohamad Gharib

Independent Analyst

Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.

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