Not so often I do track B waves in fact as this small TF (hourly chart) but some of the impulse sizes looks relative small, specially W3 size is not as much as most often W3 is which leaves some options open that impulse is not fully finished even it does looks so, same concerns W5 but in ideal world there is not allways 1.618 relations exist while most often there is. Of cource it is possible this is one full 5 sequence as suggested to the chart but question is alternation ie. to get them both for same direction.
Long with potential B, but don´t count for that 23.6% much, it is silly EW fibo. B should give that 50 % anyway.
Stops level is basically zero ie. that 23.6%, so don´t rate this very high odds set – this chart is retraced very major 61.8% top and can easily breake for full 3 waves from here down, in that case we have one degree larger ABC corrective set running allready.
Edit; That W3 is exact the size of 1.618. Weird, my fibo usually marks them automatically but not this one. It is ~240 pips and 1.618 comes from W1 – the world is still beauty 😉
But does it work is with B wave from here is different story, not very good risk-reward with 23.6 ! If it doesn´t, I am going to alter it for 38.2 > 50 ABC set, where B is again 50%.
