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Technical analysis by parviz1953 about Symbol PAXG: Sell recommendation (7/31/2024)

https://sahmeto.com/message/2675488
parviz1953
parviz1953
Rank: 21209
1.4
Sell،Technical،parviz1953

It seems the price is completing a typical bearish Cypher pattern, and at the same time you may also notice the smaller Crab pattern drawn in red. If so ,i expect the price to drop to the 61.8% retracement of CD line , where there is a strong support zone too.My trade would be a sell ,@2447 with SL @2475 & TP @ 2385 -2375

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$2,436.02
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