"Last night, I upgraded to MTP v6.5. So far I have used it for only a couple of hours this morning. All I can say is WOW. I am impressed with the way you organized all the features and how easy it is to apply them to the charts. The software is extremely elegant in the way it allows you to organize your charts & analysis freeing up the trader to concentrate on finding and managing trades. Bravo, MTP 6 is something you should be very proud of."
Greg, Private Trader
If Wave 4 retraces into the area of Wave 1, then it cannot be considered a Wave 4, and the current wave structure must be reconsidered.
Here Wave 4 has retraced back below the high of Wave 1, which would be in breach of the third rule, so this wave count is incorrect and must be re-considered.