A very good count. But if it's all correct, then we're not going to see new lows below your dashed line (the beginning of the wave A or 1). Interesting. We're either about to make a wave C or wave 3, which means a five-wave structure going upwards. Well, bearish as I am about this market, I must admit your study is highly plausible and I will be cautious here with my bearish outlook. Glad to be following you, traderWgun.
Yeah, markets are imperfect and make every perfect theory fail. Failures are their driving force, pretty much reminding the path a wet and slippery soap would go every time you try to catch it with wet hands.