Hi RodIf we take the move from break out at say 62 cents to the...

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