We're tracking Palo Alto Networks (PANW) on the 5-minute chart, showing a textbook ABCDE triangle formation.
Leg E is nearly complete, with price respecting the rising support line and volume compressing.
We expect a potential breakout above $194.30, with first target at $195.50 (TP1)
and extended targets at $208 and $220, depending on post-earnings momentum.
Setup Highlights:
Symmetrical triangle with well-defined legs
RSI holding between 55–60 → healthy pre-breakout energy
Low volume → potential energy build-up before move
Invalidation if price breaks below $192.70 – setup is off.
"No FOMO. No guessing. Just structure and confirmation."
We don’t chase the move – we position for the breakout.
Leg E is nearly complete, with price respecting the rising support line and volume compressing.
We expect a potential breakout above $194.30, with first target at $195.50 (TP1)
and extended targets at $208 and $220, depending on post-earnings momentum.
Setup Highlights:
Symmetrical triangle with well-defined legs
RSI holding between 55–60 → healthy pre-breakout energy
Low volume → potential energy build-up before move
Invalidation if price breaks below $192.70 – setup is off.
"No FOMO. No guessing. Just structure and confirmation."
We don’t chase the move – we position for the breakout.
Trade closed: stop reached
Status: Setup failed – breakout did not occur.Date: May 21
Update:
The ABCDE triangle setup on PANW broke down below the invalidation level of $192.70, confirming the structure was no longer valid. Price fell to $181, well below our expected breakout zone. This highlights the importance of respecting invalidation levels and not chasing unconfirmed breakouts.
What Went Wrong:
Market failed to confirm the breakout
Volume didn’t support a strong move
Earnings reaction likely overrode technical setup
Key Takeaway:
Not every clean setup results in a move – and that’s okay. We don't predict; we prepare. Discipline > prediction.
Note
PANW Breakdown – Discipline in Action | This trade idea failed, but the structure was respected until invalidation. No guessing, no FOMO – once $192.70 broke, the setup was off.Lesson learned: Always respect your risk boundaries. This is how you grow as a trader – not by being right, but by managing what happens when you're wrong.
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.
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.