American Express stock seems to be following a very precise channel. If measured from the very beginning, wave III completed in February 2020 at exactly 2.0 off the all time low and the stock is experiencing a correction. If we rely on accuracy of the channel, the end of wave IV is expected in the second half of 2023, possibly at about $90, which would be the level of wave 4 of a lesser degree. The shape of the remainder of wave IV is very difficult to forecast at this point. After completion of wave IV, the stock should experience a stable growth in wave V for multiple years.