Technical analysis by filatovarthur about Symbol PAXG on 6/16/2025

🔵 Setup: BUY on Breakout — targeting continuation after corrective pullback📉 Market Structure:Bullish impulse completed a clear 5-wave Elliott structureCurrent pullback forming a potential Wave 2 or IVPrice sitting above the breakout zone (~3391.6 support)✅ Trade Details:Entry: Buy @ 3422 (on bullish candle close above local resistance zone)Stop Loss: 3408 (below consolidation low)Target 1: 3445Target 2: 3468RRR: ~1:2.3Confidence: HIGH — strong momentum wave + clean structure🔍 Technical Confluence:Wave (2) retracement respectedChannel breakout held (blue ascending)Minor resistance around 3420 is being retestedVolume likely to spike in NY sessionCaution: Avoid entry if price breaks below 3391.6 – would invalidate short-term structure.