The probability of decline remains.

On the daily chart, the ascending third wave of a higher degree (3) has completed, and a downward correction as the fourth wave (4) is forming, within which the second wave B of (4) has completed, and the third wave C of (4) has started. Currently, the third wave of a lower degree iii of C is forming, and if the assumption is correct, American Express Co. shares will drop to the area of 290.00–260.00. The critical stop loss level for this scenario is 318.75.