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timl163

QQQ will be down for the next few bars

Short
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
timl163 Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Chart Patterns Beyond Technical Analysis
5
0
trendanalysis chartpattern beyondta
Reasons for reversal:

1. Two month bear wedge formed.
2. Trendline was broken on Jan 4th.
3. Double top was made today.
4. Additionally, today's (Jan 6th) volume is pretty high with a typical distribution candle.

IMHO, reversal down is very likely for the next few bars.
Trade closed manually

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