QQQ (5 December)Invesco QQQ Trust Series INASDAQ:QQQpakoumalWhen QQQ tops on the daily timeframe, you typically see upper-band overextension, multiple rejection wicks, bearish engulfing candles, a clear lower high formation, EMA breakdown & shrinking momentum + rising volatility, but the chart shows the opposite Price bounced cleanly off the mid-band & is riding the upper half of the Bollinger channel This is continuation behavior - not reversal structure The daily trend is intact and healthy No close below the mid-Bollinger (20d MA) No sharp mean reversion No violation of October low structure Higher lows since the pivot around $589 This is an uptrend, with no technical evidence of topping $637 is the ATH QQQ rarely tops on the first retest It either i) consolidates under resistance & then breaks, or ii) fakes a small dip & then breaks The current setup shows controlled expansion, trending conditions, no volatility spike, smooth adherence to mid-band support & higher highs forming inside the bands This is bullish The last candle is green, closing near the upper band with solid volume which suggests continuation, not distribution 1. Breakout attempt toward $630-$635 60% Trend + position in band favors upside 2. Pullback to $620-$615 before breaking higher 30% Standard retest of mid-band structure 3. Deep reversal toward $580 10% No topping pattern; requires macro shock