if you only include the most recent of upward moves then from 30...

if you only include the most recent of upward moves then from 30 to 42 a 61.8 retrace is 35c (or 34.5) which seems to have played out exactly at the moment. 35c at this point in time also touches the lower trend line established since the low was reached. I've tried assigning a-b-c's and 1-2-3's and have reassigned these many times over the past few months, and I don't have enough historical data or perhaps the means to do this with any degree of certainty. At the moment the assignments that make the most sense to me are saying that 35c just hit is a ii following from a i at 42c but we shall see, if the next leg is 2.2 (I thought it was 2.3) x the first we'd hit 35 + (2.2x12) = 61.4c but I think that's perhaps a little more than I' expect, and if the gap up from 34c is indeed a measuring gap I'd expect we'd hit 50c. In either case I'd be pretty happy . Notably the retrace from 42c appears to be a nice a-b-c pattern which is good.