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CSX Corp.(CSX:NASDAQ) Elliott Wave Technical Analysis December 19 2022

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CSX Corp., Elliott Wave Technical Analysis

CSX Corp., (CSX:NASDAQ): Daily Chart, December 19 2022, 

CSX Stock Market Analysis: We are looking for further continuation to the upside here on CSXhas we are facing support off the parallel trend channel as well as the moving averages. In additionwe have alternation between a sharp wave {ii} and a sideways wave {iv} which provides additionalconfluence to the overall count.

CSX Elliott Wave Count: Wave {iv} of 1.

CSX Technical Indicators:20 and 200EMAs as support.

CSX Trading Strategy:Looking for longs into wave {v}

TradingLounge Analyst: Alessio Barretta

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CSX Corp., CSX:4-hour Chart, December 19 2022

CSX Corp., Elliott Wave Technical Analysis

CSX Stock Market Analysis:Looking for wave (c) to be potentially completed as we can see aclear fve wave move to the downside.

CSX Elliott Wave count: Wave (c) of {iv}.

CSX Technical Indicators: In between averages.

CSX Trading Strategy:Looking for longs once we start break previous market structure.


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