Elliott Wave Technical Analysis: CSX Corp. - Monday, Dec. 19

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Dec 19, 2022 at 6:15 AM EST

Looking for longs once we start to break the previous market structure.

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CSX Corp., Elliott Wave Technical Analysis

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

CSX Stock Market Analysis: We are looking for a further continuation to the upside here on CSXhas we are facing support off the parallel trend channel as well as the moving averages. In addition, we have an 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}

Analyst: Alessio Barretta

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 five 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 to break the previous market structure.

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