D-Wave Quantum (QBTS) Price Forecast: Bullish Retest Strengthens Setup

Breakout From Inverse Head & Shoulders Formation

D-Wave Quantum Inc. (QBTS), a quantum computing company focused on developing and delivering quantum annealing systems and software solutions, stock broke out of a complete inverse head and shoulders bullish reversal pattern in late May before hitting a high of $31.55. Subsequently, the first pullback following the potentially significant breakout found support with a low of $22.35, near confluent support at the 61.8% Fibonacci retracement and the 200-day moving average.

Notably, the bullish reversal signal from the inverse head and shoulders pattern also reclaimed the 200-day moving average. That average had represented dynamic resistance during the formation of the bottoming pattern.

Support Retest and Momentum Response

On Monday, QBTS triggered a bullish reversal off that support zone, reaching a seven-day high of $27.46. Participation was relatively widespread as volume rose to a seven-day high. Strength was indicated during the advance by the recovery of the neckline of the bottoming pattern, plus the 10-day and 20-day moving averages, which were closely aligned and converging within a similar price zone near $25.56. A daily close at $26.29 failed to confirm that seven-day high breakout, which was at $26.73.

Confirmation Zone Still in Focus

A bullish continuation will further confirm the completion of the first pullback and the establishment of a higher swing low. The first upside target is near the lower swing high of $32.39 from December, which is also near where resistance was seen after the initial pattern breakout.

Measured Move Targets Remain Active

Simple measured moves derived from the inverse head and shoulder’s structure point to potential targets near $35.33 and $45.61. The first potential target zone matches the change in price, while the second zone measures the percentage change in price. Of course, the higher target is close to the October peak of $46.75, which reinforces its significance as a longer-term resistance reference.

Trend Continuation Framework

Now that the first pullback should be complete for QBTS, signs of strength should continue and intensify. A sustained recovery of the 200-day moving average is key for the bullish outlook of QBTS. The recent bearish correction established a higher swing low of $12.75 at the completion of a 78.6% Fibonacci retracement of the prior upswing. Support was also validated by prior structure highs and lows during 2025. Taken together, the breakout, successful retest of support, and reclaim of key moving averages suggest that QBTS remains in the early stages of a broader bullish continuation phase, with the initial breakout structure still actively guiding price behavior.