In this technical post we review IONQ’s recent price action. The quantum computing firm, which develops and manufactures quantum machines, rallied after the September 2025 update. That advance unfolded as a five‑wave structure and has pulled back into the prior Wave I area, which helps validate the next phase. The latest forecast follows.
IONQ Latest Weekly Chart From 6.09.2026
This chart, updated on 09.06.2026, maps the larger Elliott wave sequence from the December 2022 low. The dominant cycle still reads as a three‑wave advance overall, while the rally that began at the December 2022 trough developed as a contracting diagonal composed of five sub-waves. In that sequence Wave I peaked near $21.60, Wave II retraced to about $6.22, Wave III extended to roughly $54.74, and Wave IV corrected down to near $17.88. From there the market pushed to a fresh high around $84.64, completing Wave V and thus the larger degree (I).
Following that top, the market underwent a three‑wave corrective decline that resolved the cycle from December 2022 as Wave (II), finishing at the March 2026 low near $25.89. Since that low, price has staged a strong rebound, yet it still needs to clear the October 2025 peak to validate the next impulsive leg higher. Until that breakout is confirmed, the structure remains constructive but incomplete.
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