Palo Alto Networks Inc. (PANW) Daily Chart
PANW Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Motive
STRUCTURE: Impulsive
POSITION: Wave (iii) of {i}
DIRECTION: Upside in wave (iii)
DETAILS: Awaiting a clear five-wave subdivision into wave {i} to confirm the continuation of the uptrend. Currently, a clear three-wave move has been identified within wave (iii).

Palo Alto Networks Inc. (PANW) 1H Chart
PANW Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Motive
STRUCTURE: Impulsive
POSITION: Wave iv of (iii)
DIRECTION: Upside in wave v
DETAILS: Expecting a move higher into wave v, as the stock appears to be finishing a sideways move within wave iv.

This analysis reviews the current trend structure of Palo Alto Networks Inc. (PANW) using the Elliott Wave Theory across both the daily and 1-hour charts. Below is a detailed view of the stock’s position and projected movements:

PANW Elliott Wave Technical Analysis – Daily Chart
Palo Alto Networks (PANW) is advancing inside wave (iii) within a larger bullish Elliott Wave sequence. A three-wave movement has been observed so far, suggesting that bullish momentum is strengthening. A confirmed five-wave impulsive structure would further validate the bullish trend and indicate the continuation of the broader uptrend.

PANW Elliott Wave Technical Analysis – 1H Chart
On the intraday timeframe, PANW is consolidating within wave iv of (iii), likely forming a sideways correction. An upside breakout is anticipated upon completion of wave iv, potentially leading into a strong wave v rally. This aligns with the broader bullish outlook on the daily chart, presenting a possible short-term trading opportunity.

Technical Analyst: Alessio Barretta

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