The spikes preceding S4 (S1-S3) have all indicated a higher high soon to come, each retracing back to a established on the way up to each new high. I predict S4 to fall back and consolidate at approx $225 where my entry will sit.
T1 indicates the dips from each consolidation after the new highs set by S2 and S3. I'm placing a stop just outside this zone. This lies at approximately $192. This gives us a risk reward ratio of 1.61, which although it doesn't sound amazing, I'm more confident than this RRR implies.
RRR = 1.61