The Falling Wedge is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Market participants tracking Zscaler should note the latest formation. Currently at $122.68, the asset is showing upward momentum (0.05%). The primary technical feature is a Double Bottom formation. The trend indicator is reading 30.3/100, suggesting moderate momentum. A potential breakout level is identified at $166.3, targeting $217.98 with support near $140.46 (R:R 2.0).
What is your outlook on ZS?