Jul. 2 at 9:45 PM
$QCOM head & shoulders structure fully played out on the tape.
Classic breakdown confirmation - momentum rolled over after the neckline failure, and trend invalidation followed through cleanly.
$IREN chart I shared earlier also showed similar warning structure, not every rally is meant to be held through.
Key reminder: markets don’t move in straight lines. Even strong names rotate, break structure, and reset risk.
This is why charting matters - it’s not about predicting, it’s about re-evaluating when structure shifts.
Stay objective, not attached