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[ALCOA] HOW TO TRADE A CORRECTIVE STRUCTURE

NYSE:AA   ALCOA CORPORATION
Good morning Traders!
This strategy is very simple and clear, it tells us "what to watch, entry, target and stop loss".
Our idea of technical rebound must be confirmed with a first bullish leg (rally), so if this event does not happen, we will not go looking for a long position. If instead there will be a rally, we will wait for pullback (often around 50%/62%) and we will try to take a long position on the completion of the corrective structure ( ABC ). Stop Loss below the previous low.
To complete this strategy, you need to calculate an appropriate size (Money Management)

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