The price is in a correction and may grow.

On the daily chart, the fifth wave of the higher level 5 forms, within which the wave (3) of 5 develops. Now, the fifth wave of the lower level 5 of (3) is forming, within which the wave v of 5 is developing. If the assumption is correct, after the local correction as the wave (iv) of v of 5, the asset will grow to the levels of 490.00–518.50. In this scenario, critical stop loss level is 404.85.