First of all, the pattern from May 2013 to Jan 2014 (maroon block labels) suggests it is a large 3 wave bounce higher.
The sell off since Jan 2014 could count as an impulsive 5 wave decline.
Secondly, the bounce higher starting in June 2014 is a clear 3 wave affair with current pricing overlapping the June 2014 high of 13.14.
As a result, two different 3 wave moves higher suggest the much bigger picture is positioned to the downside. Now, the question becomes where we find resistance to sell a bounce.
There is some resistance near 13.14. A bounce into that level could be a first look. Risk can be placed near 13.21
First target would be 12.90 with lower potential if this is a red wave (3).