POL's downward trend exhibits a typical three-wave structure. From a technical perspective, there is currently a lack of convincing bullish reversal signals. The rally starting from the January low has only formed a three-wave pattern, rather than a stronger five-wave structure. As long as the price remains below $0.169, it is difficult to confirm that a genuine reversal has been established. This indicates that bearish pressure still exists, and it remains to be seen in the short term whether the key resistance level can be broken.