$ETH Please note that the wave pattern has changed!

The orange third wave is still an adjustment wave of the green fifth wave, but it is no longer a normal adjustment, meaning that the c wave will not break below the a wave bottom as a normal third wave would. Instead, it has undergone a converging adjustment. The emergence of this situation indicates that there must be a significant amount of capital making moves at the position of the c wave bottom, which has caused the c wave to deviate from the normal trend. This proves that it is unlikely to return to this position in the future.

From a macro perspective: the current trend is a brand new wave. A long upward trend will begin in the future, roughly similar to the blue fifth wave.

However, from a micro perspective, which refers to the recent period, the first wave within the small fifth wave of the large blue fifth wave (i.e., the purple line) has ended and is about to begin an adjustment (the second wave in the purple line), expected to fall to the trendline of the orange converging adjustment wave, which is near the black line. #波浪理论