The continuous wavelet transform has been proposed recently for the interpretation of potential field anomalies. Using Poisson wavelets, which are equivalent to an upward continuation of the analytic signal, this technique allows one to estimate the depth of burial of homogeneous field sources and to determine the nature of the source in the form of a structural index. Moreau et al. (1999) accomplish this by successively testing the least‐squares misfit on a log–log plot of the wavelet transform amplitude versus the sum of the depth and the dilation (upward continuation height). We extend this methodology by analyzing the ratio of the Poisson wavelet coefficients of the first and second orders. For simple pole sources, this ratio at one dilation is enough to estimate the depth and index uniquely; but for extended sources of finite size, we must analyze the variation of the estimates with dilations. The technique gives good results on synthetic and field examples.