Thats the best interpretation of the entire structure to date and so far Minor 4 seems to be behaving in an expected manner since we painted the top of Minor 3. A Minor wave 4 is expected to be a large sideways corrective pattern and guessing every squiggle is not to be expected. However the overall theme is that once a solid and nearly complete Minor 4 pattern emerges (triangle, flat, combination, etc), we should be able to see a Minor 5 wave up.
So far we only have some pieces of the total Minor 4 pattern so we are taking our best guesses in squiggles.
Looking for another 5 waves up. Looking for (c) = (a). Inverted H&S pattern also.
Here is an example of a bearish downward flat for Minor 4 although I only drew it this way because of the wave channel and a triangle would be boring to imagine at this point. However, its just as likely a triangle or more regular flat develops although I do like the idea of a nasty [c] wave of Minor 4 that breaks 1173 support yet would hold above 1150 somewhere. Then the final wave 5 rally may only squeak past 1227 for a nominal high. Wall Street awards billions in bonuses for another up year under the belts....
WLSH60. Prices still holding above the base channel.
NYAD count. Keeping an eye on it