The circled area marks the end of this wave's upward trend. We need to pay more attention to the shape of the 5-wave trend in trading. If the market cannot reach a new high or a new low after the 5-wave trend ends, it may reverse. However, sometimes the market is quite strong, and after completing the 5-wave trend, it may continue to form another 5-wave trend instead of ending. It is recommended that investors try to focus on the 3-wave trend, using the 5-wave trend as a supplement.
