Technical analysis by phaneth2014 about Symbol PAXG: Sell recommendation (11/8/2025)

🧭 Overall Structure The chart shows a potential bearish setup. I have drawn a descending pattern (A-B-C-D) with rejection from an Order Block (OB) around $4,013–$4,020. The white arrow projects a downward move toward 3,885. 🔍 Key Technical Elements 1. Order Blocks (OB) Upper OB (~4,150–4,120): Higher timeframe supply zone; strong resistance if price rallies. Current OB (~4,013–4,040): Recently rejected here — price reacted and failed to make a new higher high → confirms seller pressure. 2. Break of Structure (BOS) A previous BOS occurred to the downside, suggesting bearish momentum took control after a temporary bullish leg. 3. Trend Lines (Yellow Dashed) The upper TL connects lower highs → consistent downtrend. The lower TL (support) was recently tested and might break soon — signaling bearish continuation. 4. Pattern A–B–C–D harmonic-like pattern completed near the order block, often signaling a sell opportunity when it aligns with rejection zones. Price formed a lower high (LH) at point C and another at D → confirms trend weakness. 5. Candlestick Rejection “Rejected” and “Hammer” labels near point D and OB zone show failed bullish attempts → adds confluence for short. 🎯 Bearish Targets TP1: 3,950 (nearest support) TP2: 3,930 (previous low) TP3 (Major): 3,885 (strong historical support zone) ⚠️ Invalidation If price closes above 4,040–4,060 (OB zone), bearish setup invalidates. That would mean liquidity grab and possible push toward 4,100–4,150 OB. 🧩 Summary BiasEntry ZoneConfirmationTargetsInvalidation Bearish4,010–4,020 OB zoneRejection + lower high3,950 → 3,930 → 3,885Close above 4,060