ETH Please note that the wave pattern has changed!

The orange third wave is still the adjustment wave of the green line’s fifth wave, but it is no longer a normal adjustment, meaning the C wave will not break below the A wave's bottom like a normal third wave would, but instead has formed a converging adjustment. The occurrence of this situation indicates that there must be a large amount of capital making moves at the bottom of the C wave, 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. In the future, a super long upward trend will begin, roughly similar to the blue five-wave pattern.
From a micro perspective, which refers to the recent period, the first wave within the small fifth wave (i.e., the purple line) of the larger fifth wave represented by the blue line has concluded. An adjustment (the second wave of the purple line) is about to begin, and it is expected to drop to the trend line of the orange converging adjustment wave, which is near the black line.