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Zscaler Inc.(ZS:NASDAQ) Elliott Wave Technical Analysis 5 September 23


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Zscaler Inc., Elliott Wave Technical Analysis
Zscaler Inc., (ZS:NASDAQ): Daily Chart, 5 September 23
ZS Stock Market Analysis: We have been monitoring Zscaler for quite some time as it was looking like a clear potential three wave move to the upside which could represent a great buying opportunity. While we still stand within the area-range of wave {b} it looks like we could have found a bottom, as we also anticipated last week.
ZS Elliott Wave Count: Wave (iii) of {c}.
ZS Technical Indicators: Above all averages.  
ZS Trading Strategy: Looking for longs into wave {c}.
TradingLounge Analyst: Alessio Barretta
 
ZS_9_5.thumb.png.024543fe59148f50ec740b700fd850c6.png
 
 
 
Zscaler Inc., ZS: 4-hour Chart, 5 September 23
Zscaler Inc., Elliott Wave Technical Analysis
ZS Stock Market Analysis: We can see how wave (iii) currently stands near the 1.618 (iii) vs. (i). Looking for 165$ to be reached before seeing any signs of weakness. We could be looking for longs on wave (iv) if we see the downside is corrective in nature.  
ZS Elliott Wave count:  Wave (iii) of {c}.
ZS Technical Indicators: Above all averages.  
ZS Trading Strategy: Looking for longs after wave (iv).
ZS_4H.thumb.png.9d7fe4a7b270b0d1b58c1daa85550457.png
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