IONQ Reclaims BC With C Draw Above
By:TradingView
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IONQ is trading back inside the BC zone after a deeper correction from the prior expansion leg. Structurally, the larger SK map still points toward the projected C reaction area above, but that zone should be treated as a target and response area, not a guaranteed reversal or endpoint.
The important part is the path. Price swept lower first, took sell-side external liquidity, then displaced back into the prior range. That gives the current move better context than a random bounce. The chart has moved from lower liquidity back toward the upper side of BC, with the next meaningful draw sitting near the highs above the current range.
The long idea stays cleaner while price holds inside or above BC and avoids accepting back below the zone. A sustained failure back under BC would weaken the setup and suggest the market is not ready to continue toward the C target.
The important part is the path. Price swept lower first, took sell-side external liquidity, then displaced back into the prior range. That gives the current move better context than a random bounce. The chart has moved from lower liquidity back toward the upper side of BC, with the next meaningful draw sitting near the highs above the current range.
The long idea stays cleaner while price holds inside or above BC and avoids accepting back below the zone. A sustained failure back under BC would weaken the setup and suggest the market is not ready to continue toward the C target.
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