Qualcomm recently reversed up from the support zone located between the key support level 85,00 (low of the previous correction (ii) from the start of January), lower daily Bollinger Band and the 61.8% Fibonacci retracement of the previous upward impulse 1 from November.
The upward reversal from this support area started the active short-term impulse wave 3 – which belongs to the medium-term impulse sequence (3) from December.
Qualcomm is likely to rise further toward the next resistance level 90,00 (which stopped wave (b) of the earlier ABC correction 2).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
