The price is in a correction and may grow.

On the daily chart, the fifth wave of the higher level 5 develops, within which the wave (3) of 5 forms. Now, the third wave of the lower level 3 of (3) has formed, and a local correction is ending as the fourth wave 4 of (3). 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 178.50.

Shares of IBM Corp., a giant in the development and sale of hardware software, are trading in a corrective trend at 189.00.