QCOM holders, be careful!

I think QCOM can get a big correction if it fails to hold the red demand line. A parabolic step could indicate the 4th and final step being taken. This is followed by a minimum 50% correction. The chart seems to have followed wave lengths so far, which would mean it could do the same and make a round top. As long as good ER and news comes out, macro bullish trend continues imo.