Technical analysis by Day_Trading_Attack_Penguins about Symbol PAXG: Sell recommendation (7/18/2024)

4-Step Trading System Step 1: Trend - Capturing Market Pulse The purpose of this step is to determine the primary market trend direction. From the chart, you can see that a double top reversal is marked with white lines. Step 2: Position - Determining Trading Zone This step is about identifying the trading zone for entry. In the chart, the red area marks the seller zone, indicating significant selling pressure within this region. Step 3: Behavior - Interpreting Price Action This step involves understanding market sentiment and potential movements through price action. The chart shows the reaction of prices upon entering the seller zone, indicating potential price movements. Step 4: Exit - Maximizing Profit The final step is selecting the optimal exit point to maximize profit. The chart marks the potential exit zone in the green area, with an arrow indicating the expected price movement and showing the potential profit zone. This chart combines trend analysis, trading zone identification, price action interpretation, and optimal exit strategy to provide a comprehensive trading framework. This approach can help traders better understand market dynamics and make informed trading decisions.