Timmins Gold Corp
ripped higher in wave 1 off the Jan low, had a high consolidation, then ripped higher again in presumed wave i (white alt 1) for a 520% rally. I have it progressing in wave 3, confirmed by embedded technicals (see Stoch RSI
) and breakout in MACD
. Wave iii
of 3 should have the most pronounced MACD
high with negative divergence forming in subsequent higher prices for waves 3 and 5.
Other miners have similar set-ups. See also GDX
idea linked below.