QQQ (29 August)

A strong red bar, almost full body, closing near its low - that’s a bearish marubozu-type candle (pattern signals a powerful downward price movement & suggests the continuation of a downtrend or a strong potential reversal from an uptrend), which means sellers in control

Prior small-bodied candles with upper wicks around $576–$578 look like stalling candles/spinning tops or indecision near resistance

Earlier in the bounce (21-27 August), a string of green candles climbing steadily - that’s a rising three method-style move (short-term bullish continuation/essentially a "bull flag" formation), but it has now broken with that big red bar

This looks like a bearish engulfing setup where the latest red candle completely wipes out several of the prior green candles’ progress, so it suggests buyers lost control at ~$576–$578 & momentum has shifted back to sellers

• Signals 1–2 more red days unless quickly negated
  
• The strong close near the lows suggests sellers want to press further right away (no bounce intraday)
  
• If Tuesday continues below $570, that confirms the short-term breakdown
  

1. Near-term = bearish pressure (engulfing + strong close at lows)
   
2. Swing = risk of a retest of $564 to $558, unless buyers immediately step back in & reclaim $576