QCOM Elliott Wave Analysis | Trading Lounge Daily Chart

QUALCOMM Inc. (QCOM) Daily Chart Analysis

QCOM Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {i} of 1

Direction: Upside in Wave 1

Details: QUALCOMM Inc. (QCOM) has confirmed a bottom in Intermediate Wave (4), supported by a clear five-wave count in Wave C, narrowly missing Wave A's level. Focus is now on identifying the top of Wave {i} and preparing for the corrective pullback in Wave {ii}, aiming to position for the next upside opportunity.

QCOM Elliott Wave Technical Analysis – Daily Chart
QUALCOMM's (QCOM) daily Elliott Wave analysis shows completion of Intermediate Wave (4) with a detailed five-wave C structure. Although it missed Wave A equality by a few dollars, momentum has shifted upward into Wave {i}. We are anticipating a short-term high soon and will be looking closely at the corrective move in Wave {ii} for potential new long trading setups.

QUALCOMM Inc. (QCOM) Elliott Wave Analysis - TradingLounge 1h Chart

QCOM Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (v) of {i}

Direction: Upside in Wave (v)

Details: In the 1-hour Elliott Wave count, QUALCOMM (QCOM) is pushing through Wave (v) of {i}. We expect one last move higher, targeting resistance near the key Medium Level of $150, which could mark a significant pivot point.

QCOM Elliott Wave Technical Analysis – 1h Chart

QUALCOMM Inc. (QCOM) on the 1-hour timeframe is advancing within Wave (v) of {i}, with a final thrust higher expected. Watch the $150 Medium Level for resistance and possible signs of trend reversal or consolidation as the wave structure matures.

Technical Analyst: Alessio Barretta

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Summary

This QCOM Elliott Wave analysis provides a detailed view of QUALCOMM Inc.’s (QCOM) bullish trend using both daily and 1-hour charts. The focus remains on tracking the impulsive wave progression and identifying new trading opportunities during the upcoming corrective phases.