As you can see here, I circled the last several times that the 10 period SMA Crossed the 50 period to the downside on the 4hour chart. On the last occasion that the 10 SMA crossed both the 50 and the 200 SMA,
PANW
took an over 5% tumble. This one here seems to lead towards a 10% drop. I will be looking for the 4hour candle to retest the 10 SMA cross at $239.80 area and Enter Puts for a swing into the third week of November. Good Luck @everyone.
PANW
took an over 5% tumble. This one here seems to lead towards a 10% drop. I will be looking for the 4hour candle to retest the 10 SMA cross at $239.80 area and Enter Puts for a swing into the third week of November. Good Luck @everyone.