OKLO: 5-Wave Top Complete, Stage 4 Breakdown in ProgressOklo Inc. Class ANYSE:OKLOGazzyTOn the weekly timeframe, OKLO appears to have completed a full 5-wave impulse to the upside. Price has since transitioned into a corrective phase. From a Stage Analysis perspective: • Stage 4 decline • SATA score 0 out of 10 • Mansfield RS negative • Price below the 40-week moving average This is no longer a Stage 2 uptrend. Relative performance is deteriorating and momentum has rolled over. Elliott structure: • Wave A down appears complete. • Wave B retraced into the 0.618 region and failed. • Wave C is potentially unfolding, with the 0.786 retracement near 45 as a logical downside target. Bias remains defensive unless price reclaims the 40-week MA and invalidates the corrective structure above the B high. Watching structure, not narrative. Not financial advice.