Alcoa Wave Analysis – 23 December 2025

Alcoa: ⬆️ Buy

– Alcoa broke strong resistance area

– Likely to rise to resistance level 56.15

Alcoa recently broke above the strong resistance area between the major resistance level 47.10 (former yearly high from 2024) and the 38.2% Fibonacci correction of the downward impulse from 2022.

The breakout of this resistance area accelerated the active impulse waves 3 and (C).

Alcoa can be expected to rise to the next resistance level 56.15 (former double top from the start of 2023 and the target for the completion of wave 3).