The Wave pattern  on H4 remains unchanged. In case of a break through the last peak in the estimated wave 2 or B (blue) and going over 76.4% correction of 02.05-04.10.2011 collapse, I’ll set the current count in question. Until then, I take the graph drawn on a basic scenario: 

On the hourly chart I accept the current upward movement as complex correction. If the described count doesn’t break (key level 1293) I expect a downward momentum of the order of the last wave 1 (green). But if the index passed over the territory of the estimated 2/B wave (blue), the reliability of this baseline scenario on H4 will begin to decline.