IonQ, Inc. (IONQ) Elliott Wave Analysis (Daily Chart)

IONQ Technical Chart Outlook – Trading Lounge

IONQ Elliott Wave Technical Outlook

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Corrective

POSITION: Wave A of y

DIRECTION: Downside in Wave C

DETAILS: Bearish move expected, targeting $25 and possibly $20 as Wave C completes

On the daily chart, IonQ stock analysis reveals the asset progressing through the final phase of a corrective Elliott Wave structure. Currently, Wave C within Wave y is actively guiding price action lower, targeting the $25 level and potentially the $20 mark. This signals a likely conclusion to the broader correction. As Wave B finalizes, further downside in Wave C is anticipated, pointing to a short-term bearish setup and potential entry points for trend-following strategies.

IonQ, Inc. (IONQ) – Elliott Wave Analysis (Weekly Chart)

Technical Chart Outlook – Trading Lounge

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Corrective

POSITION: Wave y of (IV)

DIRECTION: Downside into Wave y

DETAILS: Full 100% extension of Wave w suggests corrective maturity

On the weekly timeframe, IonQ’s technical analysis illustrates a mature corrective pattern forming as Wave y of Wave (IV) approaches completion. The price movement has matched 100% of the length of Wave w, which often indicates the end phase of a correction. Although the long-term trend remains bullish, this zone may serve as a short-term bottom, offering a potential reversal point. Traders should watch for support signals and the early signs of a new impulsive wave to the upside.

Technical Analyst: Dhiren Pahuja

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