PAEL is approaching a major confluence zone around 31.0–32.0, where long-term trendline support aligns with the potential completion of a harmonic pattern. RSI divergence on the weekly and 4H charts suggests weakening bearish momentum, but bullish confirmation is still required.
On the daily timeframe, price remains under pressure after an extended decline and is testing the lower boundary of its consolidation structure. Wait for a trendline breakout and a break of the lower-high structure before considering bullish continuation. A breakdown below support would weaken the reversal setup.