PALO ALTO NETWORKS
PANW - Feb. 27th, 2024
BUY/LONG ZONE (GREEN): $307.55 - $377.00
DO NOT TRADE/DNT ZONE (WHITE): $282.00 - $307.55
SELL/SHORT ZONE (RED): $225.00 - $282.00
Weekly: Bullish
Daily: Bullish
4H: DNT
Decided to chart this up after all the noise around the Nancy Pelosi options. Would wait for weekly close to see if price breaks above $307.55 or if it will reject and drop back below, which is why the 4H is marked as DNT despite developing bullish structure. Typically, I would be skeptical about jumping into a long trade after such a strong bearish drop as seen on the weekly timeframe (gap down shown on the daily). Besides the weekly closing above or below the $307.55 level, there are arrows to show other basic opportunities for longs and shorts.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BUY/LONG ZONE (GREEN): $307.55 - $377.00
DO NOT TRADE/DNT ZONE (WHITE): $282.00 - $307.55
SELL/SHORT ZONE (RED): $225.00 - $282.00
Weekly: Bullish
Daily: Bullish
4H: DNT
Decided to chart this up after all the noise around the Nancy Pelosi options. Would wait for weekly close to see if price breaks above $307.55 or if it will reject and drop back below, which is why the 4H is marked as DNT despite developing bullish structure. Typically, I would be skeptical about jumping into a long trade after such a strong bearish drop as seen on the weekly timeframe (gap down shown on the daily). Besides the weekly closing above or below the $307.55 level, there are arrows to show other basic opportunities for longs and shorts.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.