CSX long possibilityCSX idea is daily bull flag, odds for bounce from 10sam support area, monthly upside continuation, 60 min triangle breakup and weekly continuation after consolidation bar. On the weekly chart we can see one big green bar and after that smaller bar (previous week and consolidation bar). So, I will use that consolidation weekly bar what result with daily flag for long possibility.
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Trade ideas
Long IdeaCSX Corp is a railroad operating company with operations spread across the Eastern United States. The company hauls shipments of coal products, chemicals, intermodal containers, and a diverse mix of other merchandise. Price chart breaks over 7 months long consolidation channel and most probably start another leg higher if the weekly close above channel resistance. Look for long on weekly close above 55. Measured price target comes at 62.00.
CSX Bullish SwingI was watching a youtube video from my buddy Jerremy @reallifetrading
and he mentioned CSX (video of analysis from April 6th) so I decided to check it out to see how the stock has moved compared to his opinion. Great pattern forming at new all time highs. I'm being loose with the stop in case it decides to retest the old all time high area AFTER it triggers. If CSX breaks the pattern in a bearish manner, I'm going to look for an entry around 49.73 with a stop around 47.81
Mid term correction on CSXA long term cycle ended. Its correction is in progress. Developing a double combo. First a flat ABC followed by a fast bullish X wave to connect both corrections. All this actually doesn't really matter.
What it does matter, is the second combo. It is a zigzag where we can see a 5 waves bear cycle that should be the A wave. We can expect a B wave with 3 wave that seems to be a bullish zigzag. Right now it looks like 5-c within B about to start.
Target of this last wave (v)-c-B would be around 31.43 (30.5 would be enough too) but this trade will be shorting the C. Thus, this trade will be active on confirmation point breaking the extreme price (iv)-c-B (red line)






















