$QCOM - RC -
Added 2023-11-01 17:22:08 +0000 UTC$QCOM also have their earnings report out after the close today.
It is also at an important level too now as it waits for the report to drop, the price is just sitting on the 0.618 Fib, after showing 3 waves down and 5 waves up.
Again this is also in a position to be ready to move to the upside if the report is good.....a miss and this will unlikely hold the 0.618 Fib and it will fall down into the bear case.
Some people do not believe in EW Theory, but when I see charts like this, exactly at the 0.618 Fib, I am reminded how powerful EW Theory is.....even more powerful when it is understood.
