The probability of growth remains.

On the daily timeframe, the ascending third wave of higher degree (3) of C is developing, within which the first wave of lower degree 1 of (3) has formed; the corrective phase as wave 2 of (3) has ended, and wave 3 of (3) is now forming. On the four-hour timeframe, wave (i) of wave 3 is currently unfolding, with a corrective phase having already been completed in the form of wave (iv) of wave i. If this scenario proves correct, the asset’s upward trend is expected to continue toward the 295.00–350.00 zone, with a critical stop-loss level at 240.00.

Shares of Amazon.com Inc., a global leader in e-commerce, are trading near 266.00.