Trap or new direction?

We didn't go below the key level as indicated in the previous post. This means that wave 2 of the ending diagonal wasn't finished yet. Another possibility is that we are not in an ending diagonal but the bottom from the 1.5140 - 1.3266 decline is in allready. This would mean we are correcting higher and instead of looking for a wave 3, we would be looking for a wave B to begin soon.