Dow 60 min. time frame

I show the Dow in the 60 minute Time Frame. IF......wave 1 was 3/8ths of the move then were at the other 5/8ths.
This would imply a wave 4 correction. Another clue would be a break of the Pitchfork lines. Wave 4's have a record of
 breaking the pitchforks.The wave 2 was
38.2% (close) so when we get a pullback in this that would possibly imply a pullback of 58-62%. The colliding of the 100 sma and the 200 sma would be a good spot.