Okta Inc. Elliott Wave Technical Analysis 9 March 23

Elliott Wave Analyst - tradinglounge • Mar 9, 2023 at 6:47 AM EST

Okta Inc.is moving as expected, we are looking for upside in wave 3 or C, as we are looking at a very shallow wave 2 or B.

Okta Inc.,(OKTA): Daily Chart, 9 March 23,

OKTA Stock Market Analysis: Moving as expected, we are looking for upside in wave 3 or C, as we are looking at a very shallow wave 2 or B.

OKTA Elliott Wave Count:  Wave {i} of 3.

OKTA Technical Indicators: Below 200EMA.

OKTA Trading Strategy: Looking for a pullback in wave {ii} to then look for upside.

(Click on image to enlarge)

Okta Inc., OKTA: 4-hour Chart, 9 March 23

OKTA Stock Market Analysis: It looks like we could be in wave (iv) as we can see a clear five wave move within wave (iii).

OKTA Elliott Wave count:  Wave (iv) of {i}.

OKTA Technical Indicators: Above all averages

OKTA Trading Strategy: You could look for very short terms longs within wave (v).

(Click on image to enlarge)

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