AA – 30-Min Long Trade Setup !📈🟢
🔹 Asset: Alcoa Corporation (AA – NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Retest
📊 Trade Plan – Long Position
✅ Entry Zone: $23.72 (Breakout + Retest)
✅ Stop-Loss (SL): $22.15 (Below support + structure low)
🎯 Take Profit Targets:
📌 TP1: $25.72 – Mid-range resistance
📌 TP2: $28.24 – Major supply zone
📐 Risk-Reward Calculation
🟥 Risk: $1.57/share
🟩 Reward to TP2: $4.52/share
📊 R/R Ratio: ~1 : 2.88 – Great swing potential
🔍 Technical Highlights
📌 Wedge breakout with bullish momentum ✔
📌 Perfect retest near confluence zone ✔
📌 Volume spike confirms breakout intent ✔
📌 Trendline flip as dynamic support 🔄
📉 Risk Management Strategy
🔁 Move SL to breakeven after TP1
💰 Book 50% gains at TP1
🚀 Let runners target TP2
⚠️ Setup Invalidation If:
❌ Price breaks and closes below $22.15
❌ Fakeout trap with volume divergence
❌ Weak continuation on breakout
🚨 Final Thoughts
✔ Momentum-backed breakout play
✔ Ideal for swing traders with tight risk
✔ Clean structure, clear zones — classic ProfittoPath setup
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