The price may grow.

On the daily chart, the third wave of the higher level (3) forms, within which a downward correction ended as the fourth wave 4 of (3), and the fifth wave 5 of (3) develops. Now, the third wave of the lower level iii of 5 is forming, within which the wave (iii) of iii has developed, a local correction has ended as the wave (iv) of iii, and the wave (v) of iii is forming. If the assumption is correct, the asset will grow to the area of 258.00–275.00. In this scenario, critical stop loss level is 228.62.

Shares of American Express Co., one of the leading American multinational companies providing payment transaction services, are moving in a corrective trend at 234.00.