The analysis identifies a textbook five-wave impulse followed by an ABC correction. The speaker notes the potential for the fourth wave to bottom in the support area around 0.02963, with the possibility of a further dip to 0.02763, although the invalidation point is lower at 0.02544. The speaker targets 0.05, with an intermediate target of 0.04848. Short term, a move to 0.05 is anticipated, however a break above the recent swing high at 0.03883 is needed for confirmation.