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.
XPO reacted higher in ((3)) in Elliott Wave impulse sequence as expected from the previous article. It proposed ended ((4)) at $103.71 low as extreme areas & should extend higher in ((5)) of III towards $136.95 or higher levels.
XPO – Elliott Wave View From 2.12.2024: 
In weekly sequence, it placed ((II)) at $13.30 low in March-2020 & II of (I) at $24.75 low in September-2022. Above there, it favors upside in III of (I) & expect one more push higher in ((5)) before correcting in IV. Within III, it placed ((1)) at $80.42 high, ((2)) at $65.80 low & ((3)) at $130.51 high. Below there, it favored ended ((4)) at $103.71 low as double correction as 0.382 Fibonacci retracement of ((3)). In ((4)) pullback, it ended (W) at $112.55 low, (X) at $122.67 high & (Y) at $103.71 low.
XPO – Elliott Wave Latest Daily View: 
Above ((4)) low from blue box area, it appears ended (1) of ((5)) at $122.54 high as 3 swing bounce. It favors corrective pullback in (2), which should stay above $103.71 low before resume higher in (3). It expects ((5)) to unfold as diagonal sequence & extend towards $136.82 – $147.08 area to finish III, which confirm above ((3)) high. Alternatively, if it breaks below $103.71 low, it will extend ((4)) correction before turning higher in ((5)). We like to buy the pullback in 3, 7 or 11 swings at extreme areas, when reached.
XPO – Elliott Wave Latest Weekly View: 
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.
Back