Growth is possible.

On the daily chart, the first wave of the higher level (1) ended, and a downward correction formed as the second wave (2), within which the wave C of (2) ended. Now, the third wave (3) has started, within which the entry first wave of the lower level i of 1 of (3) has formed, a local correction has ended as the second wave ii of 1 of (3), and the third wave iii of 1 of (3) is developing. If the assumption is correct, the asset will grow to the area of 46.30–49.00. In this scenario, critical stop loss level is 40.62.