📈🟢
🔹 Asset: Alcoa Corporation (AA – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $23.72 (Breakout + Retest)
✅ Stop-Loss (SL): $22.15 (Below support + structure low)
🎯 Take Profit Targets:
📌 TP1: $25.72 – Mid-range resistance
📌 TP2: $28.24 – Major supply zone
📐 Risk-Reward Calculation
🟥 Risk: $1.57/share
🟩 Reward to TP2: $4.52/share
📊 R/R Ratio: ~1 : 2.88 – Great swing potential
🔍 Technical Highlights
📌 Wedge breakout with bullish momentum ✔
📌 Perfect retest near confluence zone ✔
📌 Volume spike confirms breakout intent ✔
📌 Trendline flip as dynamic support 🔄
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Book 50% gains at TP1
🚀 Let runners target TP2
⚠️ Setup Invalidation If:
❌ Price breaks and closes below $22.15
❌ Fakeout trap with volume divergence
❌ Weak continuation on breakout
🚨 Final Thoughts
✔ Momentum-backed breakout play
✔ Ideal for swing traders with tight risk
✔ Clean structure, clear zones — classic ProfittoPath setup
🔗 #AlcoaTrade #BreakoutSetup #ProfittoPath #SmartMoney #SwingTrading #NYSE #TechnicalAnalysis #ChartSetup #RiskReward #BullishReversal
🔹 Asset: Alcoa Corporation (AA – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $23.72 (Breakout + Retest)
✅ Stop-Loss (SL): $22.15 (Below support + structure low)
🎯 Take Profit Targets:
📌 TP1: $25.72 – Mid-range resistance
📌 TP2: $28.24 – Major supply zone
📐 Risk-Reward Calculation
🟥 Risk: $1.57/share
🟩 Reward to TP2: $4.52/share
📊 R/R Ratio: ~1 : 2.88 – Great swing potential
🔍 Technical Highlights
📌 Wedge breakout with bullish momentum ✔
📌 Perfect retest near confluence zone ✔
📌 Volume spike confirms breakout intent ✔
📌 Trendline flip as dynamic support 🔄
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Book 50% gains at TP1
🚀 Let runners target TP2
⚠️ Setup Invalidation If:
❌ Price breaks and closes below $22.15
❌ Fakeout trap with volume divergence
❌ Weak continuation on breakout
🚨 Final Thoughts
✔ Momentum-backed breakout play
✔ Ideal for swing traders with tight risk
✔ Clean structure, clear zones — classic ProfittoPath setup
🔗 #AlcoaTrade #BreakoutSetup #ProfittoPath #SmartMoney #SwingTrading #NYSE #TechnicalAnalysis #ChartSetup #RiskReward #BullishReversal
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.