Temporary Pause, Tactical Opportunity: IONQ ABC Setup in Focus
In this technical blog, we will look at the IONQ recent price action. The company deals in quantum computing, specializes in developing and manufacturing quantum computers. The stock made a rally higher as highlighted in last September 2025 update here. Rally higher took place took place in another 5 waves structure and made a pullback, which ends up entering into previous wave I territory. Thus suggested that it’s no longer wave (III) taking place. We will explain the latest forecast below:
IONQ Latest Elliott Wave Chart From 11.19.2025
Temporary Pause, Tactical Opportunity: IONQ ABC Setup in Focus
This is the latest Elliott wave chart from 11.19.2025 update. In which, the main cycle from all time low still 3 waves rally higher taking place. While the rally from December 2022 low unfolded in a diagonal 5 waves structure where wave I ended at $21.60 high. Wave II pullback ended at $6.22 low, wave III ended at $54.74 high, wave IV pullback ended at $17.88 low. Up from there, the stock made a rally into new high towards $84.64 high and ended wave V thus completed wave (I).
Down from there, the stock is probably doing a 3 wave pullback to correct the cycle from December 2022 low within wave (II) pullback. Whereas current leg of the pullback can end in between $$33.38- $25.77 area. Subsequently, can see at least 3 wave reaction higher. Don’t like selling it and swing traders should watch out for clear A-B-C setup from the peak.
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- AaronJe·2025-11-20[强] Solid ABC pattern formation. The 33.38 fib zone looks tasty for longsLikeReport