Opalescence + Parallax Wave + Momentary Blink

[TheDrunkDwarf]

With an opalescence in play, can I put 5 copies of the wave's ability on the stack, removing the counters, then respond to it by blinking it away since its a creature? To my understanding this would leave all the targeted creatures removed from the game, and you'd end up with a fully charged wave back in play.

EDIT: NM I saw the updated text on parallax wave.