Categories: Technical analysis

Alcoa Wave Analysis 24 November, 2020

• Alcoa rising inside impulse wave C

• Likely to reach 22.00

Alcoa continues to rise inside the sharp upward impulse wave C – which is a part of the intermediate impulse sequence (B) from March.

The price earlier broke the round resistance level 20.00 and the wide weekly up channel from March – which signalled the acceleration of the active impulse waves (v) and C.

Alcoa is likely to rise further toward the next round resistance level 22.00 (former monthly high from December and the target price for the completion of the active impulse wave C).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: AA

Recent Posts

EURJPY Wave Analysis – 31 December 2025

EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…

19 hours ago

Binance Coin Wave Analysis – 31 December 2025

Binance Coin: ⬆️ Buy - Binance Coin broke Descending Triangle - Likely to rise to…

19 hours ago

Uniswap Wave Analysis – 31 December 2025

Uniswap: ⬇️ Sell - Uniswap reversed from resistance area - Likely to fall to support…

19 hours ago

S&P 500 Wave Analysis – 31 December 2025

S&P 500: ⬇️ Sell - S&P 500 reversed from strong resistance level 6935.00 - Likely…

19 hours ago

The dollar may defy expectations

•  The return of American exceptionalism will help the greenback. •  The yen will start…

24 hours ago

Stellar Wave Analysis – 30 December 2025

Stellar: ⬇️ Sell - Stellar reversed from resistance area - Likely to fall to support…

1 day ago

This website uses cookies