QCOM Elliott Wave Analysis | Trading Lounge
QUALCOMM Inc. (QCOM) Daily Chart

QCOM Elliott Wave Technical Analysis
Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {i} of 1

Direction: Upside in Wave 1

Details: A bottom in Intermediate Wave (4) appears confirmed, supported by a five-wave count in Wave C, which narrowly missed matching Wave A. We are now watching for a top in Wave {i} and preparing to analyze the pullback in potential Wave {ii} for new upside opportunities.

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QUALCOMM Inc. (QCOM) 1H Chart
QCOM Elliott Wave Technical Analysis
Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (v) of {i}

Direction: Upside in Wave (v)

Details: Monitoring one final move higher in Wave v of (v) before reaching a potential top near the Medium Level around 150 dollars.

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Summary
This analysis covers the current trend structure of QUALCOMM Inc. (QCOM) through Elliott Wave Theory using both daily and 1-hour charts. Here's a quick breakdown:

QCOM Elliott Wave Technical Analysis – Daily Chart
QUALCOMM seems to have finalized Intermediate Wave (4) with a five-wave C structure, missing equality with Wave A by a few dollars. The stock is now progressing upward in Wave {i}. We are anticipating a short-term top and will focus on the potential pullback in Wave {ii} to find new long trade setups.

QCOM Elliott Wave Technical Analysis – 1H Chart
On the 1-hour chart, QCOM is in Wave (v) of {i}, with a final push higher expected before a potential top forms around the MediumLevel at $150. This zone will be key for observing resistance and potential trend changes.

Technical Analyst: Alessio Barretta
Source: Visit TradingLounge.com and learn from the experts.

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