Qualcomm: ⬇️ Sell
– Qualcomm falling inside impulse wave iii
– Likely to test support level 140.00
Qualcomm is falling strongly inside the sharp impulse wave iii of the intermediate wave B from the start of June.
The price earlier broke the support level 170.00 (which has been reversing the price from May) intersecting with the 61.8% Fibonacci correction of the previous sharp upward impulse from April.
Qualcomm can be expected to fall further to the next support level 140.00 (forecast price for the completion of the active impulse wave B).