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Zscaler Inc.(ZS:NASDAQ) Elliott Wave Technical Analysis 25 July 23


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Zscaler Inc., Elliott Wave Technical Analysis
Zscaler Inc., (ZS:NASDAQ): Daily Chart, 25 July 23
ZS Stock Market Analysis: We have been looking for a pullback after what seemed to be a leading diagonal into wave A. Therefore, we are expecting a three wave pullback into wave B as we seem to have completed wave {a}.  
ZS Elliott Wave Count: Wave {b} of B.
ZS Technical Indicators: Above all averages.
ZS Trading Strategy: Looking for upside into wave {c} as we seem to be near the completion of wave {b}.  
TradingLounge Analyst: Alessio Barretta
 
ZS_7_25.png.7843f57b63be8885444bed31fbd8d554.png
 
 

 
Zscaler Inc., ZS: 4-hour Chart, 25 July 23
Zscaler Inc., Elliott Wave Technical Analysis
ZS Stock Market Analysis: Looking for another leg lower into wave (c) as the up move into wave (b) seemed to be corrective. Ideally we enter the box before resuming higher. We seem to be bouncing back and forth the 150$ which will eventually turn into support.  
ZS Elliott Wave count:  Wave (c) of {b}.  
ZS Technical Indicators: Above 20EMA.
ZS Trading Strategy: Looking for additional downside into wave (c) to then resume higher.
ZS_4H.png.88fba86633db77ef87c459de34dc8f65.png
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