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


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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
 
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