H&S AA

[Poljot]

I thought pattern traders might find this useful.
A broad head&shoulders top pattern is printing on Alcoa daily chart.

 

[deaddog]

You have to make sure you are seeing what the chart is telling you, not what you want to see.

 

[maxinger]

very big picture - swing-up swing-down
big picture - uptrend
medium picture - sideway

 

[longandshort]

One of their plants was shut down temporarily and won’t be fixed until early next year. This will impact production this quarter, but should resume next quarter.

 

[sebking1986]

Just looks in consolidation to me.

 

[easymon1]

I thought pattern traders might find this useful.
A broad head&shoulders top pattern is printing on Alcoa daily chart.

View attachment 272128

https://elitetrader.com/et/threads/...t-right-here-baby.343012/page-15#post-5499178

 

[easymon1]

I thought pattern traders might find this useful.
A broad head&shoulders top pattern is printing on Alcoa daily chart.

View attachment 272128

Current AA chart:
https://stockcharts.com/freecharts/candleglance.html?aa

 

[Poljot]

Price has closed below 100 SMA for 3 consecutive days which improves % of a successful breakout south. Last time price stayed below 100 MA for so long was in Oct 20.
Now waiting for a throwback and another test of MA this time from below.