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Today we look at OKTA on the 5 minute chart. We poll the room to find out what people’s alerts would look like if they saw the chart at this moment in time. After that we poll the room to find out if they’re trading the breakout, speculation, or pullback for entry. We zoom out the chart to see a possible resistance level we can use as a target. You can also use the size of the original pole or fibonacci extension to help forecast a target. As we scroll the chart we see that it breaks out of our drawn trend line and reaches target within 4 candles. Clay then discusses a possible fade trade and how he would have personally set up his trade. Our original trade goes on to target before eventually pulling back and stopping out everyone.

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