QCOM Inverted cup and handle

4 May 2020

QCOM breaking down of an ascending wedge, retesting the previous support, was rejected pretty handedly.

I would expect it to bounce off the .382, and get rejected again, forming a head and shoulder, inside of a handle, to complete the cup and the handle in higher time frames.

15 May 2020

İşlem aktif

The wedge overshot the original timing, but the same general idea remains. The chart is following the curvature of the drawn curve, implying a big move down, fast.