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 third wave of the lowest level (iii) of v has ended, and the correctional fourth wave (iv) 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 310.27.

Shares of American Express Co., a leading American multinational payment services company, are trading at 340.00.