Alcoa - Friday's Test of Low = Buying Opportunity
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.
Kommentera:
It's right there Watch to see how it closes
Kommentera:
Big picture shows downward drift. 10 year average