Csx Corp.(CSX:NASDAQ) Elliott Wave Technical Analysis 1 February 23

[tradinglounge]

Csx Corp., Elliott Wave Technical Analysis

Csx Corp., (CSX:NASDAQ): Daily Chart, 1 February 23,

CSX Stock Market Analysis: I slightly changed the count anticipating the bottom of wave 2. We reacted off equality of C vs. A as we move back higher into the averages.  

CSX Elliott Wave Count: Wave {c} of 2.

CSX Technical Indicators: Below all averages

CSX Trading Strategy: Looking for a break of {b} to start looking for longs.  

TradingLounge Analyst: Alessio Barretta

 

 

 

Csx Corp., CSX: 4-hour Chart, 1 February 23,

Csx Corp., Elliott Wave Technical Analysis

CSX Stock Market Analysis: The count for wave {c} has been a little challenging. The best idea is an expanding diagonal in wave {c}.  

CSX Elliott Wave count: Wave i of (i).

CSX Technical Indicators: Cross of 20 and 200EMA.  

CSX Trading Strategy: Looking for confirmation to then build longs after a clear five wave move to the upside.