Technical analysis by TNL_Tushig about Symbol PAXG: Sell recommendation (6/28/2024)

Basic market structure. 1. Swing structure is bullish but, 2. Internal has failed extreme POI and switched bearish. Why and what happens next? 3. This usually happens when price doesn't want to break weak swing high/low. And its very likely going to take out strong swing high/low. 4. Targeting monthly fair value gap. MTF (15M) tells us a lot. Let's see what happens next. What do you think?H4 candle swept previous high. Also, our MTF(15M) switched bearish. We can target weak internal low -> strong swing low.And also I think price doesn't need to mitigate our 1H order flow. Because as I said 15M switched bearish after taken out liquidity.There was no clear confirmation on 15M and it switched to bullish respecting 4H bullish FVG. Price created another small 4H bullish FVG. Let's see if price is gonna respect 4H bearish FVG.