Chart, page-2174

Something I`ve noticed which is very import to this system is that the top of w1 is most often a 12 month high..so its starts with a long term double bottom (or close to it) then a rise up to just past the 12 month high, then a retrace to either 50% or 62% (most often its 50%)..if the 65 has risen above 200 ema at that retrace point its most likely a very good wave 2 bottom right there.