Hi n6412297Yes that's pretty much it... Those in the know will...

Hi n6412297

Yes that's pretty much it... Those in the know will have to forgive my terminology of the cycles.

So I'm thinking this is a minor (motive) 5 wave which makes it the 1st or (1) wave of a 5 wave major cycle.

The total move of this (minor motive wave) was from .023 to .067 = .044c
If this wave retraces 61.8% of the last .044c move we will be looking at share price .040c and if it only retraces 50% then we will be looking at share price .045c

If we assuming the next minor 5 wave motive cycle is similar in size to major wave (1) and moving from the 61.8% retrace, then we will be looking at a top of wave (2) being approx .084c and if the retrace is only 50% then we might see a wave (2) top of .089c