Alcoa Corp (AA - US) is going down for 5th wave down. It’s already broken down to 4th wave triangle. So next move will be very fast down. Sell with stops above 8.09 level as prices rise little on Monday as Spx is expected to go up slightly before going down further.
Trade closed: stop reached:
The triangle was the part of ABC pattern as B wave. AFter completing B wave as triangle, it completed sharp C wave, which completed 4th wave.
The new entry should be taken there as high of C as new stops.
The new entry should be taken there as high of C as new stops.