Jump to content

Okta Inc.(OKTA:NASDAQ) Elliott Wave Technical Analysis 3 May 23


Recommended Posts

Okta Inc., Elliott Wave Technical Analysis
Okta Inc., (OKTA:NASDAQ): Daily Chart, 3 May 23,
OKTA Stock Market Analysis: Looking for wave {c} to complete before start looking for longs. At this point it is still hard counting five waves down into wave {c} which is why I am allowing for further downside.
OKTA Elliott Wave Count: Wave {c} of 2.
OKTA Technical Indicators: Below all averages.
OKTA Trading Strategy: Looking further downside to complete wave 2 before looking for longs.  
TradingLounge Analyst: Alessio Barretta
 
OKTA_5_3.png.8d006644a1f6c4415894c115d6ed8a2a.png
 
 

 
Okta Inc., OKTA: 4-hour Chart, 3 May 23,
Okta Inc., Elliott Wave Technical Analysis
OKTA Stock Market Analysis: Looking for wave (iv) to potentially be a sideways correction. You could even look for short into wave (v). As you can see we are at a level of high volume which could become a turning point.  
OKTA Elliott Wave count:  Wave (iv) of {c}.
OKTA Technical Indicators: Below all averages.
OKTA Trading Strategy: Looking for shorts into wave (v) before considering longs.
OKTA_4H.png.bc199adc17fab35654fcad65d6670390.png
 
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Investing in crypto is quite a thrilling venture if one has the right knowledge and the perseverance to handle the downside whenever they arise. Like any other industry, there are days when the going gets tough like we have been experiencing in the last couple of days. The sentencing of CZ to four months imprisonment might have also contributed to the market downturn due to his influence in the space however, the drop in price provides avenue for experienced traders to DCA and prepare ahead of market recovery. Coincidentally, there is an ongoing event on Bitget tagged "May savings carnival" where users can leverage to buy some specific tokens like USDT, BTC and ETH and earn incredible APR. This offer avails trader with prize pool of up to $1500 on their deposit if they meet the deposit requirement. Similarly, traders can subscribe to the exchange saving product and win a $500 Amazon gift cards. Personally, I feel this kind of events are geared towards giving back to the users in one form or the other as traders not only benefit from their trades but also receive cash prizes and gift which serves as a form of motivation to them. Have you won any of this cash prizes before? share your experience
    • This BTC dip is rough, but this BGB trade mining event sounds interesting.  I'll check it out! Might be a good way to hedge against the volatility.
    • hi all, i am based in ireland and currently have an IG spreadbetting account. wondering if i can buy shares?? cant see any area on the platform where i can do that. thanks. cormac 
×
×
  • Create New...
us