Monday, December 19, 2022 6:15 AM EST
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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
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_csx_12_19.webp)
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.
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_csx_4h_638070364532934695.webp)
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