Don't know, don't use waves/cycles, I am a simpler kind of guy. Price continues, I stay in, price stops, I get out.
Put your fib on all 3 bounces today and you can see how the 23.6/50 holds true for decent scalps. Have a look to at Red's thread, he likes these counters. The trick is you gotta get in within 3-6 pips of the bounce or else it is not worth it, especially if the bounce comes after only a 40 pip drop. The better bounces are the ones after the 60-80 pip moves.