QLD looked like forming a double top. Entered on the break of hanging man. Since market were strong in the early trading hours, I took partial at the double top base. My initial target was 100% double top measured from 2nd top high to base but that appeared to be a very aggressive target. So I changed it to 50% which also coincided with 50 EMA on 5 min. chart and 20 EMA on 15 min. In hindsight, the 100% target would have been achievable. My broker normally does not have QLD for shorting, so I went long QID but the entry and exits were completely based on QLD chart.
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