PANW hits a fresh high in July to continue the all-time bullish trend from the lows of the year 2013. Amid the current pullback, how can traders find opportunities?
Palo Alto Networks (NASDAQ: PANW) is a global cybersecurity leader providing advanced network security, cloud protection, and AI-driven threat detection solutions for enterprises and governments worldwide. The company helps organizations secure digital operations across cloud, hybrid, and on-premise environments through its integrated platforms and automation tools. PANW has remained one of the strongest names in the cybersecurity sector.
Palo Alto Networks (NASDAQ: PANW) demonstrates a powerful, long-term bullish trend since its inception, delivering gains exceeding 3700%. Despite this substantial growth over the past 13 years, the stock remains technically compelling from an Elliott Wave perspective. To illustrate our current outlook, let’s review the chart from our last update on May 13, 2026.
PANW Elliott Wave Weekly Chart – 13th May, 2026
The weekly chart above illustrates an unrelenting, long-term bullish cycle. Without the application of Elliott Wave theory, accurately determining the current stage of the market cycle would be nearly impossible. Based on our previous update, we determined that the price is progressing through wave V of the cycle degree, which, by projection, could extend into the $500–$650 range. With wave III having concluded at the November 2025 peak and wave IV now complete, we identified that wave ((1)) of V is underway, with further extension expected to reach a new high. Consequently, we recommended that traders wait for resistance to be breached before looking to buy the dips.
PANW Elliott Wave Weekly Chart. Update: 8th June, 2026
Since our last update, PANW has continued its strong momentum, successfully reaching a new high as projected.
Following the breakout, traders should look for buying opportunities on dips, anticipating further rallies until wave ((1)) completes at least five sub-waves. According to Elliott Wave theory, impulse waves are subdivided into 5, 9, 13, or 17 sub-waves. In a standard 5-wave sequence, wave 2 must not correct beyond the start of wave 1, wave 3 cannot be the shortest, and wave 4 must not overlap with the territory of wave 1. Additionally, one of the primary guidelines involves extensions in waves 1, 3, or 5. On the weekly chart, wave III was the extended wave, and wave ((1)) currently adheres to these rules, with the third sub-wave appearing to be the extended one. The daily chart below details the internal structure of wave ((1)). Given that the optimal strategy in a bullish sequence is to buy the dips, which specific sub-waves offer the best trading opportunities?
PANW Elliott Wave Daily Chart. Update: 8th June, 2026
The daily chart indicates that price is currently within wave (3) of ((1)). The current pullback represents wave 4 of (3) of ((1)). Before the larger wave ((2)) decline occurs, traders can capitalize on buying opportunities by identifying 3, 7, or 11-swing corrections off wave 4 and wave (4) to capture the primary trend. At Elliott Wave Forecast, we define these high-probability reflection zones as our signature blue boxes. Members use these blue boxes to execute long positions within a bullish sequence. We will continue to monitor this stock and provide updated blue box projections in future posts. To receive these free analysis updates and blue box charts for this and many other instruments, please subscribe to our mailing list using the form above. In the meantime, we invite you to join thousands of active members and start trading the blue boxes on the 78 instruments we cover daily. JOIN HERE FOR A 14 DAYS TRIALS FOR JUST $0.99
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