📅 1D Chart | Smart Money Concepts | Fibonacci Extensions | Volume Profile
Price: $301.19 | Volume: 1.59M
ZS has officially broken through its prior consolidation structure and is now trading firmly in premium territory. With the 0.786 Fib level at $298.27 now reclaimed, momentum traders are eyeing a run toward higher extensions.
🔍 Key Technical Zones:
✅ Breakout Confirmed: Structure shifted after reclaiming $250–$275
🟨 Premium Zone Begins: $300+
📈 Major Fib Extensions:
1.236: $444.89
1.618: $569.36
2.0: $693.82
🟡 Suggested Exit Zone: ~$696–700 (historical extension confluence)
🧠 Smart Money Context:
Clean Break of Structure (BOS) after a long accumulation phase
Volume supports breakout behavior
Weekly CHoCH + BOS align with institutional positioning
Little resistance until the $440–700 range based on past structure gaps
💡 Trade Plan (Probabilistic):
Upside Continuation (70%): Strong bullish conviction, targeting $444 then $569
Pullback Re-entry (30%): Retest of breakout near $270–$298 may offer a second-chance entry
🛡 Risk Management:
Entry: Current levels or on pullback to $298
TP1: $444
TP2: $569
TP3: $696–700 (consider reducing exposure)
SL: Close below $280 (invalidates breakout thesis)
📌 Conclusion:
ZS is in an extended markup phase. As long as macro conditions remain favorable, a long ride toward $700 is technically plausible. Watch volume and institutional behavior closely as we climb into uncharted premium zones.
#ZS #Zscaler #BreakoutStocks #Fibonacci #SmartMoneyConcepts #TechnicalAnalysis #PremiumZone #TradingView #EquityMomentum
Price: $301.19 | Volume: 1.59M
ZS has officially broken through its prior consolidation structure and is now trading firmly in premium territory. With the 0.786 Fib level at $298.27 now reclaimed, momentum traders are eyeing a run toward higher extensions.
🔍 Key Technical Zones:
✅ Breakout Confirmed: Structure shifted after reclaiming $250–$275
🟨 Premium Zone Begins: $300+
📈 Major Fib Extensions:
1.236: $444.89
1.618: $569.36
2.0: $693.82
🟡 Suggested Exit Zone: ~$696–700 (historical extension confluence)
🧠 Smart Money Context:
Clean Break of Structure (BOS) after a long accumulation phase
Volume supports breakout behavior
Weekly CHoCH + BOS align with institutional positioning
Little resistance until the $440–700 range based on past structure gaps
💡 Trade Plan (Probabilistic):
Upside Continuation (70%): Strong bullish conviction, targeting $444 then $569
Pullback Re-entry (30%): Retest of breakout near $270–$298 may offer a second-chance entry
🛡 Risk Management:
Entry: Current levels or on pullback to $298
TP1: $444
TP2: $569
TP3: $696–700 (consider reducing exposure)
SL: Close below $280 (invalidates breakout thesis)
📌 Conclusion:
ZS is in an extended markup phase. As long as macro conditions remain favorable, a long ride toward $700 is technically plausible. Watch volume and institutional behavior closely as we climb into uncharted premium zones.
#ZS #Zscaler #BreakoutStocks #Fibonacci #SmartMoneyConcepts #TechnicalAnalysis #PremiumZone #TradingView #EquityMomentum
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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.