$shop wave count - ATH's coming after upside breakout

Shopify is consolidating tightly in a symmetric triangle w/ apex @ ~ 12/16. Based on my wave count it appears that it is looking to put in its final primary impulse to ATH's which will complete the cycle wave V of super cycle wave V. Meaning that after this last hurrah we likely will be seeing a very substantial decline (potential line up with bear market? I think so based on my cyclical Index charts).

Right now it is bound tight with the 50 DMA and ATH AVWAP resistance above, and the 200 DMA and cycle wave II Pivot AVWAP support below. It just put together a reversal candle off of the 50% retracement, is that bottom for wave 2? Maybe. It is also possible that it has a slight earnings run up and then pulls back following, who knows.

Either way - I think this will end with a breakout to the upside and we will first see 1585 - 1650 - then 1725 - and finally somewhere between 1800-2K as ATH before we hit real turbulence.

How to trade this guy: Earnings are a total crap shoot and IV crush can completely ruin a position, so it is not worth the gamble IMO. Everytime I take the chance and run one I usually have it blow up in my face. For this guy, given the consolidation and triangle, it is best to alert the triangle break out and take a trade after the signal is given. Once outside of the triangle your stop is a breakout backtest failure (i.e. back underneath the breakout level). The first PT upon breakout is 1585 (and that run up should be a freeby with little resistance between 1500-1585.