IONQ - Possibility of a final phase wave C Correction

23 mag

IONQ seem to be starting final phase (Wave C) of downward correction. Breaking today's high would invalidate this wave C scenario as it's already extended a lot. Closing within the channel during this week would be preferable for this scenario. Wave C should take us to the red box.

Note: This is my first idea. Feel free to provide suggestions to improve.

4 giu

Nota

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l’altro ieri

Trade attivo

Wave 1 is completed and wave 2 is in progress. However the confusion is that whether wave 2 (ABC) is completed or still in progress. I am suspecting at least 45 level to be reached. If we start with a sharp downside movement now or from 45 level then we can assume that wave 3 has started.

Breaking previous high of 49 would invalidate this. There is also a scenario of the downside move becoming a WXY structure as the C wave from 46 to 17 looks like ABC.