According to the Elliot Wave Theory there are 3 unbreakable rules. If one of these rules is violated, then the structure is not an impulse wave.
This rules are:
1. Wave 2 cannot retrace more than 100% of Wave 1. As you can see the first rule is respected.
2. Wave 3 can never be the shortest of waves 1, 3, and 5. Although Wave 3 cannot be the shortest wave, it is...