PANW Elliott Wave technical analysis [Video]
|PANW Elliott Wave technical analysis
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Function: Trend.
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Mode: Motive.
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Structure: Impulsive.
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Position: Wave (v) of {i}.
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Direction: Upside into Wave (v).
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Details: Price action is advancing into Wave (v), approaching a key resistance near Trading Level 2 at $200, a critical and sensitive price zone.
The daily chart for PANW shows continued upward momentum within an impulsive wave structure, targeting the completion of Wave (v) of Minor Wave {i}. The $200 level, corresponding to Trading Level 2, represents a potential resistance zone. A confirmed break above this level may trigger further bullish continuation.
PANW Elliott Wave technical analysis
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Function: Trend.
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Mode: Motive.
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Structure: Impulsive.
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Position: Wave v of (v).
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Direction: Upside in Wave v.
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Details: Price has found support atop the parallel channel from Wave (iv). We are now advancing in Wave v, with a minimum target of $200. The textbook target where Wave (v) = Wave (i) lies at $217.
The 1H chart confirms bullish structure continuation after a solid retest of the parallel channel support. With Wave (v) progressing, the short-term objective is $200, while $217 remains a logical extension if equality with Wave (i) plays out. Momentum supports a bullish near-term scenario.
PANW Elliott Wave technical analysis [Video]
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