Dear friends, today I want to talk to you about the upcoming operational ideas and share some insights, hoping to inspire everyone:

Wave Theory Analysis Interpretation:

Combining the current chart (July 17, 2025) and the previous analytical structure, it is confirmed that 123218 has completed the red third wave endpoint, and we are currently in the correction phase of the red fourth wave. From a structural perspective, it presents a typical rhythm of five-wave upward movement + three-wave adjustment. According to the core rule of wave theory - the fourth wave cannot enter the price area of the first wave, and usually does not exceed the 0.382 retracement zone of the third wave, we should focus on assessing the reasonableness and potential changes of the space and time for this adjustment.

Firstly, the red third wave rose from 104274 to 123218, with an increase of 18944. If we consider the 0.236 and 0.382 retracement as reasonable correction space, then the support zone for the red fourth wave roughly falls within the key support area of 115657~113872 in the chart, thus the effectiveness of this range as the endpoint zone for the red fourth wave correction is extremely high.

Currently, the short-term low point seen around 119050 last midnight has touched the shallow correction range. If it breaks below 117789 in the short term, it will confirm the completion of the red fourth wave B wave peak, and the next C wave target will point to the range of 115800~114000, and it may even drop to the line of 113872 to complete the ultimate confirmation.

In terms of time structure, since the red third wave lasted about 41 days, the adjustment of the red fourth wave generally does not exceed twice that duration. Considering that the adjustment started on July 14, the theoretical endpoint time window should be concentrated around July 27. If the retracement is not completed beyond this time frame, the structure may turn into a more complex horizontal platform.

If future prices stabilize above 115600 and show continuous increasing volume, then it can be judged that the red fourth wave has ended, and the red fifth wave upward will begin, targeting directly at 132669, and may further impact the range of 138000~141000 to form a larger wave peak.

If short-term prices break through 120973 again, accompanied by continuous volume expansion, then it will be necessary to reassess whether the red fourth wave has ended and has prematurely transitioned into the main upward phase. Otherwise, it is still advisable to cautiously view the current structure as a B wave rebound in a bottoming process, and subsequent precaution should be taken against a downward terminal adjustment action.

In summary, we are currently in a key transition window, with support primarily focused on the range of 115657~113872, while resistance is still based on the double top structure of 120973 and 123218. A clear breakthrough of this will be necessary to determine the start of the fifth wave.
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