Was looking on old charts of people from here and found this great idea from littleriver. His observation was superb, pity i was not trading at that time, but it was so obvious, the forming of the bullish falling wedge was aking to be a success and right after that it goes straight up in a, yet again, well defined channel.
Alcoa shows many occurrences of well...
Alcoa is still doing well and the continues its trend since October 2013 and gains 80% up to now.
It is moving along a channel which is a little bite like an ascending wedge.
There is more rooms to hikes , but ones has to be careful and tight the SL
On the other hand the volume is not significant .
A doji right at the resistance trend line is another sign to be...