Panw elliott wave technical analysis
Function: Trend.
Mode: Motivation.
Structure: Purifying.
Position: Wave (III) of {i}.
Directions: Upside down on the wave (III).
Details: Awaiting a clear five wave subdivisions in the wave {i} to confirm the continuation of the ascent. Currently, a clear three -wave move is identified within the wave (III).
Panw elliott wave technical analysis
Function: Trend.
Mode: Motivation.
Structure: Purifying.
Position: Wave IV of (III).
Directions: Upside down with wave v.
Details: Expects a move higher in wave V, as the stock appears to end a sideways move inside the wave IV.
This review checks the current structure of the trend of Palo Alto Networks Inc. (Panw) Using Theory of elliott wave Throughout the daily and 1-hour chart. Below is a detailed view of the stock position and expected motion:
Palo Alto Networks (PANW) progresses within the wave (III) within a larger enemy -following Elliott. A three-wave movement has been observed to this day, suggesting that the bullish momentum is strengthening. A confirmed five-wave impulsive structure will further verify the bullish trend and indicate the continuation of the greater climb.
At the time of the intraday, the panw is combined -integrated within the wave IV of (III), likely forming a sideways correction. An inverted breakout is expected to complete the wave IV, which potentially leads to a strong V rally wave. It aligns with a broader view of bullish on the daily chart, presenting a possible short-term trading opportunity.
Technical analyst: Alessio Barretta.
Panw elliott wave technical analysis [Video]
