Growth is possible.

On the daily chart, the third wave of the highest level (3) develops, within which the wave 1 of (3) and the correctional second wave 2 of (3) ended, and the third wave 3 of (3) started. Now, the first entry wave of the lowest level i of 3 is forming, and the correctional wave (ii) of i is ending. If the assumption is correct, the asset will grow to the area of 260.00–280.00. In this scenario, the critical stop loss level is 170.00.