Is at the break out level now and has raised its head above the $391 level, it needs to hold above this level now and we have confirmation of the impulse wave.
Earnings are not due until the 31st of August so we are seeing a move here to the upside leading up to earnings, the market expects them to beat.
But the first thing it needs to do is hold above $391, the best way we can confirm a hold, is when the price breaks above the level and comes back down to retest the level from above and holds.