The price of the asset is in a correction and a fall is possible.

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed. Now, a downward correction is developing as the second wave of the lower level 2 of (5), within which the wave a of 2 has formed. If the assumption is correct, after the local correction b of 2 the price of the asset will fall to the area of 409.50–384.73. In this scenario, critical stop loss level is 489.50.