Zscaler: Balanced

ZS has seen buyers and sellers largely balancing each other recently, preventing any significant moves in either direction. As a result, we continue to place the stock in a corrective rally as part of the magenta wave [a], with its high anticipated above the $259.61 resistance. However, if the price falls below the $153.70 support, the ongoing corrective structure will extend further, with the turquoise wave alt.X establishing a new low. This alternative scenario carries a 35% probability.