QTUM Bullish Scenario Would Look Like This

SUMMARY

QTUM played out a very extended and sideways wave 2 of the five impulse waves. The following abc was a flat correction and retraced close to prior wave 2 zone. The question is whether a lower low is likely.

The bullish scenario calls that the bottom could likely be placed and that wave 1 of the reversal could be complete and 2 is either already done or is about to.

A closeup shows that the wave 2 abc correction was a flat as well and if this is an impulse, then the blue waves provide a probable pathway as subwaves towards wave 3. Let's see how overnight price action proceeds.

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