Resistance Levels: N/A (all-time highs) Technical Discussion → Chinese demand remains strong → larger multi-year [A]-[B]-[C] move north remains in play → expected impulsive move north continuing to play out off the Wave-[B] low “ The typical Wave-3 1.618 x W1 extension measures in at $206.38 USD. So with this target now having been exceeded, we need to be on the lookout for a Wave-4 breather to start taking shape sooner rather than later.” Well since our last review above, the Wave-3 appears to have locked in a high point circa $218.38. With the Wave-4 now in progress. In Elliott Wave theory, Wave-4’s are generally shallow which fits what we are seeing at the moment. Yet they can also be quite complex which means some further sideways consolidation, perhaps even with a slight downward bias, could well be seen over the coming weeks before it finally completes.