PAEL is showing early signs of a bullish reversal on the 1H timeframe. After a strong corrective phase, price has respected the 0.66–0.72 Fibonacci retracement zone near 54.3–54.8, forming a short-term higher low structure.
Key observations:
Price is testing the intersection of the descending trendline and rising support trendline.
A breakout and retest above 55.0–55.3 will confirm structure shift from lower highs to higher highs.
Immediate resistance lies at 58.74, with the final target at 61.21 where major supply and previous highs align.
RSI and volume both indicate accumulation after the recent dip.
Trade Plan:
Entry: 55.2–55.5 (after breakout confirmation)
Stop Loss: 54.3 (below recent swing low)
Take Profit 1: 58.74
Take Profit 2: 61.21
Risk/Reward: Approx. 1:3
A sustained close above 55.5 will validate bullish momentum. Failure to hold above 54.3 invalidates the setup. This trade favors buyers as long as the uptrend structure remains intact.
Key observations:
Price is testing the intersection of the descending trendline and rising support trendline.
A breakout and retest above 55.0–55.3 will confirm structure shift from lower highs to higher highs.
Immediate resistance lies at 58.74, with the final target at 61.21 where major supply and previous highs align.
RSI and volume both indicate accumulation after the recent dip.
Trade Plan:
Entry: 55.2–55.5 (after breakout confirmation)
Stop Loss: 54.3 (below recent swing low)
Take Profit 1: 58.74
Take Profit 2: 61.21
Risk/Reward: Approx. 1:3
A sustained close above 55.5 will validate bullish momentum. Failure to hold above 54.3 invalidates the setup. This trade favors buyers as long as the uptrend structure remains intact.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.