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Is QQQ forming a Top? Trend Channel Chart shows the potential

Short
Invesco QQQ Trust, Series 1 (BATS:QQQ)  
hangonstaycalm  
BATS:QQQ   Invesco QQQ Trust, Series 1
Wave Analysis Trend Analysis Chart Patterns
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waveanalysis trendanalysis chartpattern
Tops take time however QQQ is obviously very stretched here and the recent consolidation is providing Bears an opportunity to open short positions with relatively low risk. The big challenge is that tops take time - they have a way of chipping away and frustrating bears. Watch for a break of the Trend line and Back test failure for a Bear trigger
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