charts thread 2, page-12

Hi Rod

If we take the move from break out at say 62 cents to the high of 1.30 = just over 100% gain ie 68 cents and if your numbering of waves indicates this is wave 1.

Wave 2, maybe 1.30 to 96 cents = 34 cents or just 50% retrace.

So what will wave 3 give us?

Well it has to be more than 68 cents. Does anyone have a valid idea on how many times the length of wave 1 equals a possible target for wave 3, once, twice or triple the 68 cents?

cheers

PC43