Based on the analysis of the price action, there are two potential scenarios that could unfold.
Firstly, there is a possibility of an AB=CD pattern being formed, which indicates that the price could potentially reach a projection of 2.0 because the Fib retracement level is at around 0.50 which further supports this projection.
On the other hand, there is also a potential double top formation, although there is currently no divergence present. As such, this scenario should be monitored closely to see if any further indicators emerge to support this possibility.