CSX Elliott Wave Analysis Trading Lounge
CSX Corp. (CSX) Daily Chart
CSX Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave {v} of 3
DIRECTION: Upside in wave {v}
DETAILS: Expecting continuation higher into wave {v} of 3, with wave {i} equality near $35 

CSX Corp. (CSX) 1H Chart
CSX Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (iv) of {v}
DIRECTION: Upside in wave (v)
DETAILS: Anticipating one more upward leg in wave (v); potential extension likely as wave (iii) exceeded wave (i).

This analysis provides a technical overview of CSX Corp. (CSX) based on Elliott Wave Theory across two key timeframes.

CSX Daily Chart – Elliott Wave Overview

On the daily chart, CSX continues its upward momentum through wave {v} of 3. This wave is progressing toward the $35 level, aligning with the size of wave {i}. The structure remains impulsive and suggests a strong bullish trend. Wave {v} usually completes the third wave in an Elliott Wave cycle, which is typically the most powerful segment, signaling potential further gains.

CSX 1-Hour Chart – Elliott Wave Breakdown

In the 1-hour chart, CSX is currently forming wave (iv) of {v}, likely setting up the final upward move in wave (v). Because wave (iii) extended beyond wave (i), wave (v) could also continue longer than average. This indicates a possibility of additional upside momentum following the short consolidation phase, possibly pushing the stock price past the $35 benchmark.

Technical Analyst: Alessio Barretta

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