This is the "megatrend" analysis by the Elliott wave theory. It's confirmed that we pass the big correction and ongoing to wave 3 which have target before making correction again. However, the wave 3 target is still ambiguous to be confirmed. It might be the Fibo 1.00 if it is the normal impulse wave but it might be the Fibo 1.618 if it is an extension impulse wave.
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For TF 1 week, This analysis's hard to be distorted.