RenkoTradingSystem
$PANW
(Weekly & 195-Min Renko)
System Status: GO (Active Entry — Super-Trend Exception
Position risk is cut in half.
Setup Trigger (195-Min 1% Renko)
• 2nd Green Brick Confirmed
• Super-Trend Exception Applied: Stock SCTR is 98.9 (≥ 95.0 lock), pullback was strictly 2 Red Bricks staying above the 50-EMA ($382.79).
• StochRSI: Turning up out of oversold territory (0.475)
• Extension: Low at 3.42% above 20-EMA (Tightly managed risk)
Higher-Timeframe Support (Weekly)
• Weekly RSI(14): 69.67 (Healthy trend expansion zone)
• Weekly Renko: Solid Green Brick at $409.86 well above rising 20-EMA ($379.52)
Execution Checklist at Open
• Entry Zone: Around $408.00 – $412.08 (within range of 20-EMA)
• Stop Loss: Place sell stop order strictly at $398.00
• Invalidation Trigger: Exit or stand aside if price drops to print a new red brick below $398.00
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