The price is in a correction and may grow.

On the daily chart, a downward correction formed as the fourth wave (4), and the fifth wave (5) develops, within which the wave 3 of (5) forms. Now, a local correction is ending as the fourth wave of the lower level iv of 3, within which the wave (c) of iv is ending. If the assumption is correct, after the correction the asset will grow to the area of 300.00–310.00. In this scenario, critical stop loss level is 252.00.