Interpretation of Wave Theory:
Currently, the blue upward wave starting from 74508 is in a strong push during the 3rd segment, maintaining a good rhythm in its movement. It has successfully broken through the previously pressured structural high point of 91233, indicating that this upward segment has not yet ended and is entering a potential acceleration phase; from the perspective of wave theory, if we measure the first segment and the current third segment with equal amplitude or Fibonacci extension, then the breakthrough of 91233 provides a technical basis for the extension characteristics of the pushing wave. Once the extension target falls within the range of 96188 or higher, it will establish preliminary conditions for the main upward wave pattern. Conversely, if the price experiences a rapid decline and effectively breaks below 91233, caution is needed to determine whether the 3rd segment has been completed, with the upward trend shifting into an adjustment phase. Attention should be paid to the strength and structural form of the pullback to strong support areas, to assess whether it will develop into a complete five-wave upward movement or evolve into a three-wave rebound within a corrective structure. In summary, 91233 is currently not only a boundary for the range but also a critical point for trend direction and level assessment.