Commander in Pips: There is couple of possibilities for that. First is to try enter on some shallow retracement during the third wave, that has appeared was the longest among the others. But this way is a bit difficult, since you will have to drop your time frame and make other things that we’ve not studied yet. So, that’s why we will talk about a second possibility – wait for the 4th wave. Here we will apply the same rules - rule #3 “Wave 4 could never overlap with 1st wave” and the same additional rule - “Waves 2 and 4 typically retrace to Fibonacci retracement levels”. Now take a look at chart #1 again. See, 4th wave almost has reached 0.382 Fib support. By the way – this is the only level, from which you can enter, because 0.618 Fib support stands below the high of 1st wave , so you can’t enter there, because it contradicts with rule #3. There you can place your stop and wait for 5th wave. That has happened. Pipruit: Wow. It’s so logical. The rules work great. And can we decompose the third wave into a 5-wave pattern as on my picture below: Chart #4 | EUR/USD Daily –Pipruit’s decomposition of 3d wave Commander in Pips: No, we can’t do this. Because it contradicts with rule #1 – “Wave 3 could never be the shortest impulse wave”. In our case we talk about your 3d sub-wave. See – it’s the smallest among the others. That’s impossible. Pipruit: Oh, how could I forget that? Thank you. Commander in Pips: Well, we’ve talked about EW on past charts, so it’s much simpler to do than in real time. But applying all skills that you have, not only about EW but candlesticks, indicators, Fibonacci and others will let you to trade successfully. Besides, your skills with EW will improve as you will work hard and diligently.