Have used the Weekly Candles here due to the timeframe involved. A clear 1,2,3,4,5 Impulse advance (that meets all the EW Rules) for Wave I Corrective Wave II consists of an a,b,c Zig-Zag decline, that was halted at (4) of the previous wave (also meets all the EW Rules) Wave III should now develop and, assuming 1.618*Wave I, that gives a target price of circa £3.50