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Alcoa Corporation
Long

Alcoa - Friday's Test of Low = Buying Opportunity

By AssetDesign
Updated
The first impulse move off the low illustrates a possible 5 wave impulse structure. Assuming we are in wave 4, a fifth wave, most likely exceeding the high of wave 3 can push AA to 35-36 over the very short term. Watching to see if the closing low of three weeks ago holds. This has often been a trigger for my trades.
Comment
snapshot It's right there Watch to see how it closes
Comment
snapshot Big picture shows downward drift. 10 year average
Wave Analysis
AssetDesign
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