Very similar patterns here, with the exception that QNT is happening at a faster pace!
As noted, if price remains below $256, then we can expect lower prices. And also, from an Elliot Wave perspective, price will often times correct back to (at least) the starting point of the 5th wave... erasing the entire move!
On my last QNT chart, I posted the triangle, and implied that price was going lower... be honest, did you doubt it?