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

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Zscaler Inc., Elliott Wave Technical Analysis

Zscaler Inc., (ZS:NASDAQ): Daily Chart, 25 September 23

ZS Stock Market Analysis: We have been monitoring this stock as we were mainly looking for continuation higher after what seemed to be an initial move to the upside followed by a corrective downward move. At this stage the main scenarios are two. Either we just made wave (i) of {c} and we are looking to resume higher or else we’ve had a short wave {c} and we could be continuing lower.  

ZS Elliott Wave Count: Wave (ii) of {c}.

ZS Technical Indicators: 20EMA as support.  

ZS Trading Strategy: Looking for longs into wave (iii).

TradingLounge Analyst: Alessio Barretta

 

 

 

 

 

Zscaler Inc., ZS: 4-hour Chart, 25 September 23

Zscaler Inc.,Elliott Wave Technical Analysis
ZS Stock Market Analysis: Looking for a potential three wave move into wave (ii) to then have additional confirmation of upside resumption. We currently stand at the 50% retracement, with invalidation below wave (i).  

ZS Elliott Wave count:  Wave (ii) of {c}.

ZS Technical Indicators: Between averages.

ZS Trading Strategy: Looking for longs after upside confirmation.