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Technical analysis by acuucapital about Symbol PAXG: Buy recommendation (9/17/2024)

https://sahmeto.com/message/2636340
acuucapital
acuucapital
Rank: 22255
1.4
Buy،Technical،acuucapital

Based on the bullish bias on the daily timeframe and a period of consolidation which was broken to the upside on the 13th of September 2024, all these informed me to check lower tf for bullish sentiment. I observed that on the m15, price was manipulated at the lows and broke to the upside, I also observed wyckoff reaccumulation as price decided to come back and retest demand levels prior to break of structure to the upside. Looking at the H4 tf, one would notice an Elliot wave count occurring in which the level of demand to be retested (on lower tf) is at the same level wave 4 ought to occur. My entry is set at 2568.34, SL; 2563.64 and Tp; 2633.34 (Pivot R2 daily tf)

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Signal Type: Buy
Time Frame:
15 minutes
Price at Publish Time:
$2,593.65
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