📈🟢
🔹 Asset: Alcoa Corporation (AA – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $25.10 (Breakout above triangle resistance + yellow level reclaim)
✅ Stop-Loss (SL): $23.70 (Below structure and trendline support)
🎯 Take Profit Targets:
📌 TP1: $26.59 – Key resistance zone
📌 TP2: $28.71 – Major supply zone
📐 Risk-Reward Calculation
🟥 Risk: $1.40/share
🟩 Reward to TP2: $3.61/share
📊 R/R Ratio: ~1 : 2.6 – Solid upside potential with structure
🔍 Technical Highlights
📌 Breakout through triangle resistance ✔
📌 Retest candle near breakout zone ✔
📌 Higher lows + compression = breakout momentum ✔
📌 Clean horizontal structure alignment ✔
📉 Risk Management Strategy
🔁 Adjust SL to breakeven after TP1
💰 Partial profit booking at TP1
🚀 Let the rest ride to TP2
🚨 Setup Invalidation If:
❌ Price closes below $23.70
❌ Weak follow-up volume
❌ Rejection from $25.50–$26.50 zone
🔗
#AA #BreakoutSetup #SwingTrade #NYSE #ProfittoPath #TrianglePattern #RiskReward #SmartMoney #ChartAnalysis #TechnicalSetup
🔹 Asset: Alcoa Corporation (AA – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $25.10 (Breakout above triangle resistance + yellow level reclaim)
✅ Stop-Loss (SL): $23.70 (Below structure and trendline support)
🎯 Take Profit Targets:
📌 TP1: $26.59 – Key resistance zone
📌 TP2: $28.71 – Major supply zone
📐 Risk-Reward Calculation
🟥 Risk: $1.40/share
🟩 Reward to TP2: $3.61/share
📊 R/R Ratio: ~1 : 2.6 – Solid upside potential with structure
🔍 Technical Highlights
📌 Breakout through triangle resistance ✔
📌 Retest candle near breakout zone ✔
📌 Higher lows + compression = breakout momentum ✔
📌 Clean horizontal structure alignment ✔
📉 Risk Management Strategy
🔁 Adjust SL to breakeven after TP1
💰 Partial profit booking at TP1
🚀 Let the rest ride to TP2
🚨 Setup Invalidation If:
❌ Price closes below $23.70
❌ Weak follow-up volume
❌ Rejection from $25.50–$26.50 zone
🔗
#AA #BreakoutSetup #SwingTrade #NYSE #ProfittoPath #TrianglePattern #RiskReward #SmartMoney #ChartAnalysis #TechnicalSetup
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.