The post CSX Corp. (CSX) Stocks Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com.

CSX Elliott Wave Analysis Trading Lounge. CSX Corp., (CSX) Daily Chart. CSX Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective. Structure: Complex. Position: Wave Y of (4). Direction: Bottom into wave Y. Details: Looking for completion into wave Y, to ideally break the bottom of wave {a} and reach equality of Y vs. W at 27$. CSX Corp., (CSX) 1H Chart. CSX Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective. Structure: Complex. Position: Wave (iv) of {c}. Direction: Downside into wave (v). Details: Looking for further downside into wave (v) as we seem to be completing a triangle in wave (iv) right around MG2 of30$ at 32-33$. This Elliott Wave analysis of CSX Corp., (CSX) outlines both the daily and 1-hour chart structures, highlighting the current trends and possible future price movements. CSX Elliott Wave technical analysis – Daily chart CSX Corp. (CSX) is currently in a complex corrective pattern, unfolding in wave Y of (4). This correction is expected to complete soon, potentially breaking the low of wave {a}. We are targeting a move down to the equality level of Y vs. W, which lies around $27, marking the potential bottom of this correction. CSX Elliott Wave technical analysis – One-hour chart On the 1-hour chart, CSX is approaching the final stages of a triangle formation in wave (iv) of {c}. We expect a further downside movement into wave (v) once this triangle completes. The price is hovering around the MG2 level at $32-33, and the next move should push lower, potentially marking the final leg of this corrective phase. Technical analyst: Alessio Barretta. CSX Elliott Wave technical analysis [Video] Source: https://www.fxstreet.com/news/csx-corp-csx-stocks-elliott-wave-technical-analysis-video-202502131057

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Filed under: News - @ February 13, 2025 12:19 pm