TRQ should be a buy here. A four month long triangle probable defines the 4th wave of 5 of C in a large A-B-C where C is roughly of equal size to A. At $3.20, coming from $29, makes for a nice low to complete this 3 year descent. We probable have already done a minor wave 1 up followed by a small wave 2 correction. Next should be a more powerful wave 3 up. Start with a little bit and add once the trend line is breached (about $4).  KGI, Kirkland Lake Gold is in a more or less similar position but not as well articulated as TRQ.

We bailed out of this stock with a nice profit back in August because it was not following the script. In the mean time things are clearing up at much lower levels.

All the action since is in a triangle 4th wave. It measures to an ultimate level of about $3, or even a little below that, say $2.75 Remember that this stock comes from almost $30. It should be a screaming buy at that level.

We are selling our position is TRQ for a 25% profit. It did what we expected but without the gusto. There was clearly no triangle and all this is working on our nerves.  We suspect that the proper count would include a shallow sloping c-wave which is complete except for a very minor 5th wave. This stock SHOULD be trading at >$6 by now and it is not.

Certainly looks like a triangle, probable a b-wave given the size relative to wave A up. If C equals A, inshallah , we should get to a little over $6.50 which would constitute a gain of over 60%. We will take it if it happens.