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Hi Wooo, I find price retracements a very handy tool Price Retracements are used to specify horizontal lines at price levels, which are determined to be probable values of support and resistance based on a market’s previous range. Common values are the Fibonacci sequence 38.2%, 50% & 61.8%. For a share that is retracing take the retracement level from the confirmed low run it to the confirmed high if the sp passes through the 38%fib level in general it should retrace then to the 50% fib level. If the sp passes through that level in general it has to go to the next level 61% fib level and if it passes through that level in general it has to retrace the whole way. Follow these steps for a share that is rising. I call the 38% fib level wave1 50% fib level wave 2 68% fib level wave3 . Also using the above on the retracemnt leg lets say a sp gets back to wave 3 you will see shares then retrace back to wave 2 or wave 1 before running again i hope this makes sense cheers russell