-Price needs to break above the high of the previous candle
-If it manages to do that, this can still be a dead cat before going lower
Could this be the real bottom? Of course its possible, still no reason to believe that to be the case *yet
Looks like this was the bounce represented by the arrow up on my initial chart:
if not could have one last leg up
In other words I think we reach your target just a matter of sooner or later.