I`ve been back testing a couple of things in our system and refining the entry /stoploss a bit more .. a bit excited with the common results!..as it turns out with the 1st 50% retrace above a GC we`ve located the 3rd of the 3rd wave, I`m very confident of that..now it also seems that if were on the right path this particular 50% retrace will always hold (maybe a 2nd back test but it will hold)...following that a "count back line" entry will also be very very reliable..if we have those two things then a 1.618% wave 3 target is a given...that will be a 1.618% projection of wave 1 and a min 100% projection of minor wave 2 (which is the "50% retrace wave above GC")..I`m backing this on 3DP at the moment....so if the 50% retrace does not hold then its a quick exit because its not the trade we want..but if it does hold and price closes above the CBL then its all systems go for a pretty certain 100% trade.. @aceryx you will see this 2nd 50% back test with GCM at the moment. too many examples to post for this but its worth a look..two other refinements are that the main wave 2 retrace must be a higher low and must also be a double bottom..
