Simple QCOM Hourly Patterns Exhibit Further Bearish Signals

Simple price action patterns on the hourly QCOM chart are showing bearish indicators. First, a simple consolidation-breakout pattern on the downside, followed by a 65/200 EMA death cross. The cross backed a severe downtrend, covering the large gap from the 17th. These signs are highly indicative of further bearish QCOM movement; and extremely reduced chance of a major reversal.