The probability of growth remains.

On the daily chart, the third wave of the higher level (3) appeared and the correction as the fourth wave (4) ended. On the 4-hour chart, the fifth wave (5) is forming, comprising the completion of the initial lower-degree wave 1 within (5) and the formation of a corrective phase as wave 2 of (5). If this scenario proves correct, the asset’s upward trend is expected to continue toward the 360.00–400.00 zone, with a critical stop-loss level at 256.40.

Shares of IBM Corp., a giant in the development and sale of hardware and software, are trading at 319.00 in an upward trend.