Qualcomm Inc. (QCOM) Daily Chart
QCOM Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave {iii} of 1
DIRECTION: Upside in wave 1
DETAILS: A wave {i}-{ii} structure appears completed, setting the stage for further upside. Support above $150 would strengthen the bullish outlook.

Qualcomm Inc. (QCOM) 1H Chart
QCOM Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (i) of {iii}
DIRECTION: Upside in wave {iii}
DETAILS: After a three-wave corrective move, a five-wave impulsive rise suggests wave (i) is forming at the start of wave {iii}.

This analysis examines Qualcomm Inc. (QCOM) through Elliott Wave Theory on both the daily and 1-hour charts, outlining current structure and potential developments:

QCOM Elliott Wave Technical Analysis – Daily Chart
The daily chart of Qualcomm (QCOM) shows an initial impulse phase with waves {i} and {ii} seemingly completed, pointing to the start of wave {iii}. A sustained move above $150 would confirm further bullish momentum and likely propel the stock into a stronger rally phase.

QCOM Elliott Wave Technical Analysis – 1H Chart
On the 1-hour chart, Qualcomm (QCOM) appears to have ended a three-wave corrective pattern in wave {ii}, followed by a five-wave impulsive move suggesting the emergence of wave (i) of {iii}. This setup aligns with the broader bullish trend and could provide a favorable continuation pattern.

Technical Analyst: Alessio Barretta

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