While there aren’t any guarantees in trading, I can say with confidence that this is an objective short entry or add-on to an existing short on QQQ here on the bounce back to key former support, now resistance level around 172.63 and/or up to the downtrend, with trendline resistance just above.
QQQ 15-min Oct 23rd
Although the stop for the official Active Short Trade on QQQ, which was shorted at higher levels, is any move above 182.00, a relatively tight stop for an initial or add-on position here could be set just above the 175ish resistance level, providing an above above-average R/R profile if targeting T1 and/or T2 on the official swing trade. The previous chart & trade parameters for the QQQ official swing trade can be viewed by clicking here or by navigating to the Short Swing Trades category from the main menu at the top of the site & clicking on the QQQ symbol tag.