Drop to double bottom on QQQ

I posted a similar idea on SPX but QQQ has more upside potential to this short trade. Short trade on QQQ set stop at 194.34 from now this would give you just 1.5% downside with 11.1% upside 7.4-1 ratio. We may be forming an equal low to the May low otherwise I will post an update if the technicals indicate the correction ending before hitting, or overshooting downside target at $170.07.