Member Request: A First Look at $OKTA

A member has requested that I look at $OKTA. I see a plausible triangle here. That may mean that this has been consolidating in a 4th wave of some degree (I have labelled it here arbitrarily as intermediate). If this is true, the October low may have been a low of reasonable significance. Identifying targets for 5th waves is fraught with danger, but taking out the prior all-time high is the minimum requirement. Perhaps we will see a wave structure roughly like this unfold:

OKTA


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