QBTS Breaking Out 7 Over 77 on a 1D Chart

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QBTS Breaking Out 7 Over 77 on a 1D ChartD-Wave Quantum Inc.BATS:QBTSjazzman1959The Fib focuses on the initial cross over and break down of the 7 and 77. From there, we see is hit the downward trend line and bounce down to the 1.618. From there it rallied until it hit the downward trend line again, at which point it broke down. It fell down to the .786 where it found strong support and made a very energetic bounce. We now see the 7 over the 77 on a 1D chart. I would expect this to be a strong position for a further run. If it breaks down from here I would expect strong support at around $15.