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Alcoa Corporation
Short

AA potential diamond top

By Gnome
Preceeding uptrend was very clean and strong, than topping volatility came in and formed what seems to be a diamond top ready for reversal. Entry on the break of the diamond or a breakdown below 15. Possible support zones around 15 and then 13 and 12. The diamond price target would bring it right into the longterm .618 retracement. RSI seems to be breaking lower thus staying in bearish territory. Short interest at 3 % shouldn't be a problem.

Safe trading!
AAalcoadiamonddiamondtopshortswing
Gnome

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