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 fifth wave of the lower level v 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 220.00–240.00. In this scenario, critical stop loss level is 163.43.

Shares of the American holding Alphabet Inc. are correcting at 176.00.