From what I can see, the potential diagonal scenario sketched out yesterday DOES shift the degree labeling problem to the upward waves. Those upward waves or their internals do become too long for their respective degree definitions. Please see the prior post if unfamiliar with the potential diagonal scenario.
And, if one tries to make an even larger upward diagonal, the problem gets even worse.
Conclusion: The Primary and Cycle Waves upward have ended. The downward Intermediate (A) wave, and upward Intermediate (B) wave are correct. Any travel of Intermediate (C) that breaks the lower edge of the second blue box becomes Primary ((A)) down.
It is especially important to note in the Dow chart below where Minor 3 of Intermediate (5) ends. As a minor wave - if labeled at the December 2017, top - it would become longer than the prior upward Intermediate Wave (3) - which is not allowed. As a large expanded flat Minor 4 provides alternation with Minor 2, and the waves retain their degree definitions. The 'net distance traveled' in wave 4 and 2, is thus made much more similar.
|DJIA Cash Index - Monthly - End of the Cycle|
In short, we said in yesterday's post that the waves in the diagonal proposal had to be verified in terms of degree. We simply could not in all good conscience find a way to do that. As a minor 2 wave, the Dec 24th (2018) low is not too long for the prior longest Intermediate wave, but it is too long for those prior Intermediate degree waves which are most proximal.
Therefore, the main count remains as it is. The degree has turned.
Both Primary ((5)) and the Cycle is over, as best I can tell. They ended at the October, 2018 high. Again, any movement of the Intermediate (C) wave below the trend line and the blue box is confirmation that Primary ((A)) of the next Cycle wave is underway. That is because the downward wave would become larger than the largest preceding Intermediate wave and must therefore become a Primary wave - a wave of one larger degree.
Best wishes to all.