Shares of the American holding Alphabet Inc. are trading in a correction trend at 176.00.

Growth is possible.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 5 of (3) forms. Now, the third wave of the lower level iii of 5 is forming, within which the wave (iii) of v is developing. If the assumption is correct, the asset will grow to the area of 190.00–200.00. In this scenario, critical stop loss level is 164.10.