Growth is possible.

On the daily chart, the third wave of the highest level (3) develops, within which the first entry wave of the lowest level 1 of (3) formed. Now, the correctional second wave 2 of (3) has ended, and the third wave 3 of (3) and the first entry wave of the lowest level i of 3 are forming. If the assumption is correct, the asset will grow to the area of 327.00–375.00. In this scenario, the critical stop loss level is 255.15.

Shares of American Express Co., one of the leading American transnational companies providing payment services, are trading at 284.00.