QBTS Elliott Wave view: Buyers should wait for pullback

Elliott Wave Forecast Team ElliottWave-Forecast.com

D-Wave Quantum Inc., (QBTS) develops & delivers quantum computing systems, software & services worldwide. It comes under Technology sector & trades as “QBTS” ticker at Nasdaq. It rises almost 41 times since November-2024 & can see more upside against August-2025 low.

Since inception in 2020, it made all time low of 0.40 on May-2023. After that it trade higher and consolidated since November-2024 breakout. Currently, it is trading in bullish sequence against 8.20.2025 low & may extend into $41.25 – $43.95 area before pullback. We like to buy the next correction in 3, 7 or 11 swings at extreme area against August low.

Since May-2023 low, it started bullish impulse rally & now trading in ((3)) of I. It placed (1) of ((1)) at $3.20 high, (2) at 0.57 low, (3) at $10.50 high, (4) at $5.60 low & (5) at $11.41 high on 12.27.2024. It ended ((2)) at $3.74 low on 1.13.2025 as more than 0.618 Fibonacci retracement. Above there, it placed (1) of ((3)) at $20.56 high, (2) at $14.20 low & rallying in (3). Within (1), it ended 1 at $11.95 high, 2 at $5.77 low, 3 at $19.77 high, 4 at $14.29 low & 5 at $20.56 high. It ended (2) pullback as double correction at $14.20 low on 8.20.2025.

QBTS – Elliott Wave latest daily view

Above (2) low, it placed 1 of (3) at $29.18 low, 2 at $23.67 low, 3 at $39.55 high, 4 at $32.49 low & favors rally in 5 to finish (3). It expects rally to extend into $41.25 – $43.95 area to finish (3) before starts pullback in (4) against August low. But if breaks above $43.95, it can extend towards $46.87 – $47.93 area to finish (3) as long as high comes with momentum divergence. It already reached the minimum extreme area, so chasing longs at the moment is risky, but do not like selling. We like to buy the next pullback in 3, 7 or 11 swings in (4), correcting against August low. Generally, (4) can pullback between 0.236 – 0.382 Fib retracement of (3), which measured once (3) ends.

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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