From the current structure, it looks like IONQ may be forming a local top after its sharp rally. The price has completed a bearish harmonic pattern, which often signals exhaustion in bullish momentum.
If sellers step in from here, my view is that IONQ could retrace lower and head back to retest the highlighted support zone, where demand has previously stepped in.
📉 Conclusion: The completion of the harmonic pattern combined with the extended move suggests that IONQ may be topping locally. My bias is for a potential pullback into the support area before any attempt at continuation. Still, markets are unpredictable, and this remains only my view.
If sellers step in from here, my view is that IONQ could retrace lower and head back to retest the highlighted support zone, where demand has previously stepped in.
📉 Conclusion: The completion of the harmonic pattern combined with the extended move suggests that IONQ may be topping locally. My bias is for a potential pullback into the support area before any attempt at continuation. Still, markets are unpredictable, and this remains only my view.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.