If this is an impulse should accelerate now

FX:EURGBP   Euro Fx/British Pound
314 0 0
I have seen before a huge lack of atention in what i think must be one of the toral rules of elliott wave's principle and is the one that states: If supposed wave 4 overlaps the end of wave 1 means other pattern is underway.
Here are a clear example that ilustrate the importance of attend this rule:
If we "let" the wave 4 overlap the 1, we can say here that we could count as wave iii             )) where i placed the wave i) (one lesser degree) and wave iv)) where my count says ii). But due the observance of the rule I assume that the wave is extending therefore expect a longer wave iii             )) pointing at 261.8% of extension of price traveled in wave i)).
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out