Technical analysis by ew_17i about Symbol PAXG: Sell recommendation (4/4/2025)

The chart shows a completed five-wave impulse structure, labeled from (1) to (5).The final wave (5) has ended, with sub-waves i, ii, iii, iv, v marked within it.This suggests that the impulsive bullish trend is over.Bearish Reversal Indicated:There is a strong downward movement after wave (5), confirming a possible trend reversal.Potential Targets for the Decline:Price has already begun declining from around $3,110.The first major support areas could be around $2,900–$2,800, based on previous price action.Deeper corrections could bring the price toward $2,600–$2,500.Key Levels to Watch:Resistance: The previous high near $3,160 is critical. If the price breaks above, the bearish scenario might be invalidated.Support: Watch $3,000 as a psychological level. A break below would confirm further downside.Conclusion:The chart signals a potential correction after a strong uptrend.The bearish wave count suggests a move lower toward key support zones.Traders should watch for confirmation with momentum indicators and volume.