CSX Corp.(CSX:NASDAQ) Elliott Wave Technical Analysis October 14 2022

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CSX Corp., Elliott Wave Technical Analysis

CSX Corp., (CSX:NASDAQ): Daily Chart, October 14 2022, 

CSX Stock Market Analysis:At this point we can see a five wave move potentially completed,which could signify the end of higher degree C and therefore the whole correction into wave (4).

CSX Elliott Wave count: C of (4).

CSX Technical Indicators:Below all EMAs but this RSI bullish divergence.

CSX Trading Strategy: Looking for further confirmation to be followed by a clear five wave moveto the upside.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

CSX Corp., CSX: 4-hour Chart, October 14 2022

CSX Corp., Elliott Wave Technical Analysis

CSX Stock Market Analysis: We can see how w have had five wave into wave {v}, which meanswe could have completed higher degree C. 

CSX Elliott Wave count: {v} of C.

CSX Technical Indicators:We broke through the 20EMA(red line).

CSX Trading Strategy:Looking for a break of green line for additional confirmation and perhapssupport off the 20EMA.