if price reaches the target zone attention needs to be paid to see which scenario occurs:
1) the correction becomes a new trend by continuing and then the chances of taking out 1.347x low become high
2) correction completes and price continues the previous up move and takes out the 1.396x high
so in answer to your question it can be what you want it to be, personally I favour scenario 1 but even there you may get some lift before continuance as nothing goes in a straight line.