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Okta Inc., Elliott Wave Technical Analysis

Okta Inc., (Nasdaq: OKTA): Daily Chart, 3 May 2023.

OKTA Stock Market Analysis: Looking for wave {c} to complete before starting 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.  

Analyst: Alessio Barretta

Okta Inc., OKTA: 4-hour Chart, 3 May 2023.

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.

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