Nasdaq - QQQ Review

Replacing the Nasdaq series with the QQQ ETF in order to include Volume and the Market Profile, we see that last week a bearish right shoulder was forming, giving interesting opportunities for short positions. Nevertheless during the second half of the week the trend reversed. The Head and Shoulders pattern prevails but we need to keep alert on the next movement because the series is just located at the Market Profile control line (yellow dotted line) which represents a balance point. The coming week is going to be interesting, the short term positioning will depend on what direction the series take. However the mid-term positioning still looks bearish to me.

https://www.tradingview.com/x/3iBo9Z99/