Cost - head and shoulders pattern played out, ER run up?

Friday, We closed below the pivot point and 50 sma. Bullish note - backtested the previous breakout point from July 10-30 consolidation area. The next level of support is $321.12. On Friday, over 7000 $340 calls were bought. 5% implied earning move, play the run up to ER. Good Luck!