The price is in a correction and may grow.

On the daily chart, the first entry wave of the highest level 1 of (5) and the correctional second wave 2 of (5) ended, and the third wave 3 of (5) forms. Now, the entry first wave of the lowest level i of 3 has formed, and the correctional second wave ii of 3 is ending, within which the wave (c) of ii is developing. If the assumption is correct, after the correction the asset will grow to the area of 242.00–266.00. In this scenario, the critical stop loss level is 171.25.