Actually we are in the path of a strong rally that came after a smal retracement, this rise questions about the impulsive nature of this movement because ussualy wave ii is more deep, what lead us to think this could be an x wave which should end at the 1:1 relation a with c at 13.60 but if the upside presure increase could extend even longer
but if it bounce back to the 13.22 will have to define the nature of this movement, a break below this level will increase the chances for a x wave and therefore a new correction will form (down side) but if holds above this level then should lead to a new highs.
but if it bounce back to the 13.22 will have to define the nature of this movement, a break below this level will increase the chances for a x wave and therefore a new correction will form (down side) but if holds above this level then should lead to a new highs.