With the new high its technically possible to label 5 waves from the 2016 lows, however I think its prudent to give the benefit to the bulls, a new high could be counted as a B wave of a running triangle or an expanded flat. Ideally a decline is seen towards 330.00 to end wave C of a triangle. If a move below the Feb 2018 lows, then an expanded flat pattern would be favored to end wave .
If you own this stock you want be careful as the new high could be a nasty bull trap.
Idea 1 (running triangle)
Idea 2 (expanded flat)
Idea 3 (topping and ending wave  as well as the trend from the 2016 lows).
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