XPO INC (XPO) looking to end impulsive rally – Crypto News – Crypto News
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Could Synopsys (SNPS stock) fall towards the 295 level? Could Synopsys (SNPS stock) fall towards the 295 level?

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XPO INC (XPO) looking to end impulsive rally – Crypto News

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XPO INC., (XPO) provides freight transportation services in United States, rest of North America, Europe, UK & internationally. It operates in two segments, North American LTL & European Transportation & offers services to different industries. It is based in Greenwich, CT, comes under “Industrials” sector & trades as “XPO” ticker at NYSE, which having 10.1 B$ market cap as on 29th December-2023.

XPO is trading near all-time high of $90.84, since 2002. It favors upside in impulse sequence in ((1)) of III of (III) since September-2022 low of II & soon expect to correct in ((2)).

XPO – Elliott Wave latest daily view

It placed (II) at $13.30 low in weekly sequence in March-2020 low & II of (III) at $24.75 low in September-2022 low. Above there, it favors upside in ((1)) of III of (III) & remain supported in 3, 7 or 11 swings pullback. It placed (1) of ((1)) at $45.06 high in February-2023 & corrected lower in (2) at $29.02 low in April-2023. The pullback was around 0.764 Fibonacci retracement of (1) before rally resumes. It resumed higher in (3) as extended sequence, which ended at $80.42 high in October-2023. The pullback in (4) ended at $65.80 low as sharp correction, corrected below 0.236 Fibonacci retracement.

Above (4) low, it resumes higher in (5) & expect to remain sideways to higher to finish ((1)) soon before correcting in ((2)). It placed 1 of (5) at $90.78 high, 2 at $78.72 low & 3 at $90.84 high. It appears correcting lower in 4 of (5), which remain choppy before upside resumes in 5 to finish (5) in diagonal sequence as ((1)) as long as the high comes with momentum divergence, unless extending (5). Later, it expects to pullback in ((2)) correction in 3, 7 or 11 swings against II low before rally resumes in ((3)) of III.

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