The price is in correction, the probability of decline remains.

On the daily chart, the third wave of the senior level (3) has concluded, and a downward correction is now developing as the fourth wave (4). On the four-hour chart, wave A of (4) has been completed, wave B of (4) has completed its development, and wave C of (4) is currently forming. If this scenario proves correct, the asset’s upward trend is expected to continue toward the 260.00–222.00 zone, with the critical stop loss level at 386.65.

Shares of American Express Co., one of the leading US multinational payment processing companies, are trading at 358.00.