The extended diagonal above is the bridge between two worlds, or two degrees.
Sooner or later Cycle degree "has" to end, and flow into or enter the SC degree world. Without all the Cycle degree locations being clear, then all the SC and GSC degree wave counts have no meaning, and all associated price forecasts and economic fundamentals are irrelevant. Cycle degree, then to Supercycle degree, and then into Grand Supercycle degree, is a strict pecking order that cannot be abused or ignored. This is where the diagonal waves come into play because they signal or point to the ending of one degree, and the start of a new degree, one complete degree higher. This new degree and wave count will be a Supercycle degree wave three.
Since all my wave counts in commodities have already been in Cycle degree for over 13 years it is a real pleasure to find and count diagonal 5th waves in Cycle degree. My early search for SC degree wave positions in commodities have proven futile. This may mean little to readers but from a Cycle degree perspective it is a big deal. Many diagonals are ending diagonals which are very specific in how the 4th wave acts. In an ending diagonal the 4th wave always dips into wave two , but in an extended diagonal it may not do this. Many times the extended diagonal contains what looks like an extra 4th wave 1/2 up the chart, and most of the time this extra 4th wave is a running flat or even a running triangle. I can count silver having one of these running flats in 2006-2008. Even gold I can fit into a running flat between 2006-2008.
There are many of these diagonal 5th waves in Cycle degree, so I have lots of real world examples to work with. If I have a core of 8 diagonals, then this is plenty to start with, they will all confirm each other as the Cycle degree world comes to an end. They will not all end exactly in the same month, but they may be many months apart which is very normal.
When Bob Prechter's version of the EWP came out, there were no examples of any diagonals, but only in small degrees. Now we have many in Cycle degree with some starting after the 1980's peaks. I will use the labeling ABC1, ABC2, ABC3 ABC4 and ABC5 as my main method, because you do not want to mix wave counting styles between a diagonal and a normal impulse.
In any diagonal I will never use "WXYZ" waves, as the EWP book does not allow it. Diagonals are all about zigzags where flats are rare. Any leading "W" waves do not define a flat or a zigzag as they are a lazy way of counting.
All WXYXZ waves hide and block all abilities to see diagonal waves and should only be used in tight sideways markets.
A prime example where "WXY" wave counts covered up a diagonal first wave is crude oil and silver.