@princey37 just curious on your way of measuring here, because I`ve never tried it and just did some back testing , it works great but only if wave 2 has retraced 62% of wave 1..what happens if w2 is deeper or say only 50% this throws the ratio relationship to wave1 out..wave 3 is a 1.618% ratio of the length of wave 1 not w2...thats why I`ve always measured directly off wave 1, but I might have to look at this a bit closer now.
Ann: Positive Assessment of Long-Term Pumping Data at Rincon, page-57
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