RE:Next leg or end of the runCalling the current price action in either zinc or Trevali 'corrections' depends on your definition of what is a correction.
Phrases such as 'backing and filling' or 'profit taking' serve well enough.
Attributing that action to so-called 'smart money' is dubious because the downward moves of zinc/Trevali have been on extremely light volume. The smart money has been invested in zinc and Trevali for a year. What's changed?
Traders live and die every day on trading blips so we can expect a run of exultant posters describing their brilliant sells of Trevali above $1.35 and repurchases below $1.15.