The shares of American Express Co., one of the leading American multinational companies providing payment processing services, are trading at 340.00.

The probability of growth remains.

On the daily chart, the upward third wave of higher-degree wave (3) has completed, within which wave 5 of (3) was finalised, and the downside correction as wave (4) has also finished. On the 4-hour timeframe, wave (5) is unfolding, comprising the initial wave i of 1 of (5), followed by the corrective wave ii of 1 of (5), while wave iii of 1 of (5) is now developing. If this scenario proves correct, the asset’s upward trend is expected to continue toward the 386.90–425.00 zone, with a critical stop loss level at 300.30.