TKM 0.00% 4.0¢ trek metals limited

TKM Chart, page-392

  1. 243 Posts.
    lightbulb Created with Sketch. 60
    Update on my charts posted on page 6, which apparently was really badly received here despite giving you exactly the resistance. Here is what I posted then:

    https://hotcopper.com.au/data/attachments/6031/6031625-a6c5e8ff03e59ff0451a692d541ea7cd.jpg
    https://hotcopper.com.au/data/attachments/6031/6031628-25929d71180fae61857ddaa662e670e0.jpg

    And here is the updated graph:

    https://hotcopper.com.au/data/attachments/6031/6031632-17179249df69e8279042b50b784b37a7.jpg

    As you can see the B wave box contained the move and we did not get a full impulse off the ii box, invalidating the most bullish scenario, and leaving on the table the preferred one.

    Now, for what comes next, there are 2 bullish scenarios with clear parameters:

    1/ We have bottomed in the fall and are about to rocket higher in the very short term. We need to hold 0.031 and confirmation only comes over 0.059. I'm not in a hurry to get in before we get confirmation and invalidate scenario 2, there will still be PLENTY of upside if this thing turns bullish.

    2/ That has my preference. Slight edge for now, but clearly favored if we break 0.031. It implies we are in the 5th wave of wave c of C, with a lower low below the one in the fall yet to come. Ideal target is 0.018-0.02 as seen on the weekly chart below.

    3/ The bearish scenario comes with a break below 0.018 but clearly I am following this chart because I believe in a bullish resolution, with the 0.349 target as a MINIMUM target. Yes, just as crazy as my 3.5 target when I was loading on AZS in the 0.3s

    Good luck to all

    https://hotcopper.com.au/data/attachments/6031/6031655-9d14a3db06533b0381ec92fbdfcedb34.jpg



 
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