TKM Chart, page-522

This is getting VERY interesting because with this move down and new high today, we now have the minimum number of waves in place for a full impulse. Main count is that this is the 5th wave in blue (1). 5th often extend in metals, so ideally take us to the ideal 0.1x target. But does not have to be textbook or ideal. Because it's hard to subdivide, this could also be the 5th of iii with yet another retrace and vth to complete (1) (2 higher high with another discernable correction in the middle). Anyway no matter the micro-structure and where this wave ends up/extend, important thing is that we now have enough waves in place for this to be a rather clear impulse and we are high enough (although higher still would really be ideal) for this to be the blue count.

Note as well how we are approaching the trendline/resistance with big volume. Let's see if we blow/gap through it like there's nothing (could then possibly act as support for (2) although seems shallow) or if it acts as an excuse to start wave (2).
Also, when a news that is supposed to take price in one direction has no effect or an effect that seems illogical, that is often a strong clue. In our case it really shows the will/strength of the buyers here.
Finally, I've checked Patronus chart one of the significant buyers of new shares. It is definitely a chart that looks like a rocket launcher with what clearly looks as an impulse and corrective retrace on the daily. Structure off the dec low not ideal though but may trade this long if we get over the 0.76 extension with a stop just below the 0.61. But, what's interesting is TKM could be the catalyst for PTN wave 3. If someone can confirm woud be nice but my info is that PTN EV is only 20M so it's investment in TKM (and I assume they will/have been buying extra shares on the market) is enough to move the needle if it rockets.

Very happy so far with how things are developing Been eying this chart for a long time before pulling the trigger and things have moved much faster than anticipated so far. Kind of hoping we get a real retrace of that move up so I can add... Almost hoping the first drill result come out disapointing and the pot of gold is only found in a subsequent annoucement.... Given how fast we move we'll have to see what the chart says as we get closer to results but if we are at what looks like the top of (1) when thoses results come out the chart may very well argue for this scenario. Of course, we are dealing with metals and exploration here so counting on standard retracements and gentleman's entries may be a little too cute. May still take a LITTLE profit as/if we look very full in (1) soon.

When timing is right and hopefully when/if there is something I can count as (2), will add pivot to the chart which serves as wave 3 underway/breakout ultimate confirmation and means once decisively broken price should not get back under so that is the best part of the trade when you can move your stops at a point where you make a huge gain even if getting stopped out. For now we need something that resemble a retrace of that move off the low to do more work on the daily chart. What I can tell already is that targets are insane and a breakout on such chart if indeed we are following the blue count would be totally amazing. Keeping the FOMO at bay though, a standard retrace for (2) if it happens (again, this is metals/exploration...) could take us back to 0.03 or so and would be/feel paaaaainful for those late chasers. IMHO best thing to do where we are now is wait for something that really looks like a (2) or a clear breakout. Yes, that may means missing quite a bit of gain but I am a trader, not an investor and I don't accept big drawdowns on my positions. An investor that dont mind getting 30-50% drawdown on his positions may see it differently. As always, to each their trading/investing profile.