American Express Co.: wave analysis
The price may grow.
On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and the correction 2 of (5) ended. Now, the third wave 3 of (5) is developing, within which the local correction iv of 3 has developed, and the formation of the wave v of 3 has started. If the assumption is correct, the price will grow to the levels of 160.00–170.00. In this scenario, critical stop loss level is 134.73.