The price is in a correction and may grow.

On the daily chart, the fifth wave of the highest level 5 of (3) and the wave v of 5 develop. Now, the first entry wave of the lowest level (i) of v has ended, and the correctional second wave (ii) of v is forming. If the assumption is correct, the asset will grow to the area of 370.00–400.00. In this scenario, the critical stop loss level is 264.00.