Technical analysis by AwesomeOscDad about Symbol PAXG: Sell recommendation (5/16/2025)

🔍 Technical Breakdown:The M15 chart has completed a 5-wave impulsive decline, followed by a clear ABC corrective structure.Price has now broken below the (B) wave low, suggesting the beginning of Wave 3 to the downside.A bearish sell zone is identified between 3208 – 3215, which aligns with previous structure and Fibonacci retracement levels.The Awesome Oscillator (AO) has printed a fresh red histogram bar, confirming a momentum sell signal—perfect timing for Wave 3 initiation.🎯 Trade Setup:Sell Limit Zone: 3208 – 3215 (shaded red area)Stop Loss: Just above Wave (C) high or around 3218Take Profit Zone: Targeting the 1.618 Fibonacci extension (~3180 area)📌 Confluence Factors:Elliott Wave structure supports the Wave 3 sell.AO confirms bearish momentum returning after correction.Strong rejection expected from previous structure zone (supply area).⚠️ Risk Note:Wave 3 often brings strong movement—stay disciplined with stop placement and position sizing.💬 This setup is clean and supported by momentum tools—wait for a pullback into the zone and let price action confirm before entering.