The price is in a correction and a fall is possible.

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 the wave iii of 5 has ended, and a local correction has started as the fourth wave iv of 5, within which the wave (a) of iv is developing. If the assumption is correct, the price of the asset will fall to the area of 204.70–192.42. In this scenario, critical stop loss level is 245.10.

Shares of American Express Co., one of the leading American multinational companies providing payment transaction services, are adjusting at 234.00.