The price may grow.

On the daily chart, the third upward wave of the higher level (3) and the wave 5 of (3) develop. Now, the first wave of the lower level i of 5 and the correctional wave ii of 5 have formed, and the third wave iii of 5 is developing. If the assumption is correct, the price of the asset will grow to the levels of 1500.00–1650.00. In this scenario, critical stop loss level is 1175.35.