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CSX Corporation, (CSX:NASDAQ) Elliott Wave Technical Analysis October 5 2022


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CSX Corporation, Elliott Wave Technical Analysis

CSX Corporation, (CSX:NASDAQ): Daily Chart, October 5 2022, 

CSX Stock Market Analysis:Moving as expected, at this point we are looking to see how wave{iv} is going to unfold. Given the fact that wave {ii} was sharp I will be looking for more of asideways correction.

CSX Elliott Wave count: {iv} of C

CSX Technical Indicators:We are below all averages

CSX Trading Strategy: Looking to short on wave {iv} ideally the 20EMA(red line) will also turninto resistance.

TradingLounge Analyst: Alessio Barretta

CSX_10_5.thumb.png.d4e7b653fe5b19471a4f08483c9d6fb5.png

 

 

 

CSX Corporation, CSX: 4-hour Chart, October 5 2022

CSX Corporation, Elliott Wave Technical Analysis

CSX Stock Market Analysis: From this lower timeframe view it appears we have just started wave(a) of {c} and many times after a sharp wave (a) we fall into a sideways correction.

CSX Elliott Wave count: (a) of {iv}.

CSX Technical Indicators:We have just touch the 20EMA where we could start to pullback from.

CSX Trading Strategy: Looking for shorts from a significant Fibonacci level.

CSX_4H.thumb.png.7c89d1389569c3cd1b0e0bf4462427fd.png

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