BTC 5-3-5 ABC Correction

Looks as if this scenario is playing out?
Target : $3411 ~ $3418
thepatternsite.com/EWZigzag.html

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Now believe Wave 1 ended at recent low $3524 now forming wave 2 target $3850 ~ $3994?

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Target $3850 hit elsewhere so expect after retrace to 50% fib line this continue on upwards?