Looking at D1 chart we have the price corrected to the 0.38 fib of wave 3 (an usual EW relationship)
We must consider also the H4 chart, price completed an ABC correction and has reacted to the 200 .
there is another relationship to consider: wave C=1.61 wave A
See H4 chart below
Target 1: last lows
Target 2 : projected wave 5=wave 1 (purple line)