FX:GBPUSD British Pound/U.S. Dollar
GBPUSD has reached to possible EOW-5 price target, and is likely to begin a major correction if it takes the previous bar high, as the has made a reversal.
If you count shadows of candles, yes, because then wave 4 enters wave 1 area in this analysis and make this wave counting not valid. However, I only count candle bodies to determine a wave range. So with the latter assumption, my answer is no, as the wave 4 is NOT entered into the range of wave 1.