Growth is possible.

On the daily chart, the fifth wave of the higher level (5) of А forms, within which the first wave of the lower level 1 of (5) ended. Now, a correction is ending as the second wave 2 of (5), within which the wave c of 2 has formed. If the assumption is correct, the asset will grow within the wave 3 of (5) to the area of 230.00–266.00. In this scenario, critical stop loss level is 113.85.

Main scenario

Long positions will become relevant above the level of 113.85 with the targets at 230.00–266.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 113.85 will let the asset go down to the area of 90.00–64.50.