The problem is, not much time has passed for wave 5 of (5) of  compared to its sister waves 1, 2, 3 and 4 of (5).
Wilshire nearly making a new all-time high today. Do note however that wave 1 is the longest of (5). Therefore 5 of (5) cannot run higher than 3 of (5) by rule or else this count is false. How does this larger degree count intersect with the 5-minute chart above? Wave [v] of 5 in the 5-minute count can run up in price as much as it wants - to a point - it cannot violate the daily chart below. Wave 5 cannot be longer than wave 3 in the chart below. Therefore there is a "range" for price that both charts need to hit to maintain EW rules for both the higher degree count and subwave count.
Kinda neat huh?
Another valid count in place.