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 developing, within which the wave (iii) of v is forming. 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 168.65.

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