Elliott Wave Technical Analysis: CSX Corp.

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CSX Corp., Elliott Wave Technical Analysis

CSX Corp., (Nasdaq: CSX): Daily Chart, October 14, 2022, 

CSX Stock Market Analysis: At this point, we can see a five-wave move potentially completed, which could signify the end of higher degree C and therefore the whole correction into wave (4).

CSX Elliott Wave count: C of (4).

CSX Technical Indicators: Below all EMAs but this RSI bullish divergence.

CSX Trading Strategy: Looking for further confirmation to be followed by a clear five-wave move to the upside.

Analyst: Alessio Barretta

CSX Corp., CSX: 4-hour Chart, October 14, 2022

CSX Corp., Elliott Wave Technical Analysis

CSX Stock Market Analysis: We can see how w have had five wave into wave {v}, which means we could have completed a higher degree C. 

CSX Elliott Wave count: {v} of C.

CSX Technical Indicators: We broke through the 20EMA(red line).

CSX Trading Strategy: Looking for a break of the green line for additional confirmation and perhaps support off the 20EMA.

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