Growth is possible.

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 the wave iii of 5 is developing, within which the wave (iii) of iii has ended, a local correction has developed 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 250.00–275.00. In this scenario, critical stop loss level is 213.68.

Shares of American Express Co., one of the leading American multinational companies providing payment transaction services, are trading at 239.00.