$QCOMon is executing a clean structural reversal on the hourly chart after finalizing a solid macro bottom at the **209.24987** liquidity level. Following a powerful initial impulse wave that cleared short-term bearish momentum, the asset is undergoing a tight, healthy consolidation phase right around **224.5**, securing a steady **3.66%** gain. The current price action indicates a constructive higher-low formation, showing that buyers are successfully absorbing supply and preparing for the next leg up. A decisive close above the immediate local resistance will invalidate the recent corrective structure and trigger a strong continuation rally toward the higher overhead targets.

* **First Target:** 228.29233

* **Second Target:** 238.68226

* **Third Target:** 246.50749

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