Yes you are correct. There's only 3 wires that run to the connector terminal and one pin is left empty. There's a red and black wire that runs out of the rectifier, the red wire should end at the solenoid connector.
I'm also attaching a wiring diagram, you can find it on the last page of your service manual.
I'm also attaching a wiring diagram, you can find it on the last page of your service manual.