Shares of American Express Co., one of the leading American multinational companies providing payment transaction services, are trading at 239.00.

The price is in a correction and may grow.

On the daily chart, the third wave of the higher level (3) forms, within which a downward correction ended as the fourth wave 4 of (3), and the fifth wave 5 of (3) develops. Now, the third wave of the lower level iii of 5 is developing, within which the wave (iii) of iii has formed, and a local correction is ending as the wave (iv) of iii. If the assumption is correct, the asset will grow to the area of 235.00–250.00. In this scenario, critical stop loss level is 210.00.