oerboom

QQQ - possible inverted H&S formation

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ recently has 3 touches at the $324 resistance, but has had no correlating volume present to push it above. Now we see a choppy inverted H&S formation, most visible in 1h and 4h charts. Right shoulder remains incomplete, but anticipated termination at the $324 could give the short bullish push needed. Target estimate $353, which would represent a perfect continuation of the earlier 2020 trendline. What are your thoughts?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.