Euro Elliott Wave Count

With my Euro wave count, on the 31st December 2004 is a wave 3. This is probably the case as wave B (red arrow) is around the 0.618 line. However, the 31st December 2004 could actually be a wave 3, the wave 1 or A could be the wave 4 on the 18th November 2005 so currently we could be doing a wave 5.
Although, as wave 2 or B is not only at 0.618 and but also a previous resistance and looks like the right shoulder formation. If this is the case and a head and shoulders is formed then the first wave count that is also labelled on the chart will probably be the correct one which would mean wave C will go lower than wave A.