Problem with Watercolor Wrap

Has anyone tried this pattern in [COLOR=black]Knitting the Easy Way[/COLOR]? It’s a lace wrap with an “Old Shale” lace border. It begins w/192 cast on and here are the the 2 repeat rows: Row 2) With yarn in front of work, slip 1, slip slip knit decrease, knit to first marker, YO, knit to 2nd marker, YO, knit to last 3 stitches, knit 2 TOG, knit 1. 2) W/ yarn infront of work slip one, knit to end of row. The border has TONS of increases and decreases. The diagram and picture of the wrap indicate a triangle shape - longer in back and shorter over arms. My question is: Where are the decreases? If I do 144 rows of the above 2 row pattern, aren’t I going to have a big rectangle? If anyone can interpret this or better yet, has knitted it, please share your knowledge!

Thanks

:?? It does seam that the yo’s and decreases offset each other.:??