Growth is possible.
On the daily chart, a downward correction of the higher level ended as the wave (B), within which the wave C of (B) formed, and the formation of the upward wave (C) started. Now, the entry first wave of the lower level i of 1 of (C) is developing, within which the wave (iii) of i has formed, and a local correction is developing as the wave (iv) of i. If the assumption is correct, the asset will grow to the area of 270.00–291.65. In this scenario, critical stop loss level is 175.00.