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CSX Corp., Elliott Wave Technical Analysis 19 December 2022

Alessio Barretta |19 Dec, 2022 | 0 Comments | Return|

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CSX Corp., Elliott Wave Technical Analysis 19 December 2022

4 Hour

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 a clear 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.


Daily

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 CSX has we are facing support off the parallel trend channel as well as the moving averages. In addition we have alternation between a sharp wave {ii} and a sideways wave {iv} which provides additional confluence 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}

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