QuantumScape (QS) – Wave Structure & Fibonacci Roadmap

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⚡ QuantumScape (QS) – Wave Structure & Fibonacci Roadmap ⚡

The chart is suggesting a potential Elliott Wave 5 sequence in play, supported by fib extensions and accumulation volume.

🔹 Wave Count

(1) Rally peak near $15.94

(2) Retracement base near $8.50 support

(3) Projection: ~$25.12 (161.8% extension)

(4) Corrective retracement: ~$18–20

(5) Final push: ~$29–30 (200%+ extension)

🔹 Key Levels

Current: $9.96

Support: $9.35 → $8.11 → $6.50 (demand zones)

Upside targets: $18.27 → $25.12 → $29.08+

🔹 Volume & Structure

Increasing demand spikes at support.

Structure resembles bottoming → impulse setup.

If accumulation holds, next impulsive leg could accelerate.

✅ Outlook:
QS shows potential for a multi-leg upside move if $9 support holds. Initial confirmation would come with a breakout above $12. Wave 3 projection suggests a mid-term rally toward $25+ before corrective action.

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