$OKTA - RC - WATCHLIST -
Added 2024-05-06 13:16:40 +0000 UTC$OKTA is worth paying attention to here
We can see that there has been a long consolidation for Wave 2 in this yellow channel and has now broken out and perfectly retested the channel from above and bounced, which is as textbook as you will see on a chart in an impulse structure.
I also like how Wave 2 held exactly on the 0.5 Fib too.
A break and hold above the 50 Day MA at exactly $100 is the signal you want to see to start a position to catch the bounce up for Wave 3 to the 1.618 Fib at $135.
35% bounce on the table potentially.
