The CMC Aussie200 chart with alt scenarios below.
If we take out that high from 24th night (and we went close today) then it seems to suggest several waves higher.
I don't think you could count the move up as 1/2/3/4 since wave 4 overlapped wave 1, a no-no in EW.
As for that chart this morning. Yes, you would expect the primary channel to win the intial battle and bust the minor and then..., but anything is possible.
Another more minor channel as well here, lol.
The CMC Aussie200 chart with alt scenarios below.If we take out...
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