Alcoa Corporation Ascending Triangle Bottom
Price is currently around the 2009 and 2016 lows (very important lows, especially considering the significance of those 2 dates).
It is now in the process of forming an ascending triangle (currently on what could be the 5th and last touch of the pattern boundary.
I will enter this trade if the breakout occurs. I am not interested in prepositioning myself because this stock is technically still in a downtrend, so I need to see a powerful breakout with significant volume.
It is now in the process of forming an ascending triangle (currently on what could be the 5th and last touch of the pattern boundary.
I will enter this trade if the breakout occurs. I am not interested in prepositioning myself because this stock is technically still in a downtrend, so I need to see a powerful breakout with significant volume.
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