Growth is possible.

On the daily chart, the upward wave C of the higher level develops, within which the first wave (1) of C forms. Now, the fifth wave of the lower level 5 of (1) is developing, within which the wave iii of 5 is ending. If the assumption is correct, after the correctional wave iv of 5 the asset will grow to the area of 230.00–250.00. In this scenario, critical stop loss level is 195.80.