Falling Wedge
BullishStill falling, but the range keeps tightening — downward pressure fading, often resolves upward
Textbook shape
How to read it
Both highs and lows keep falling, but the two lines converge: each leg down is smaller than the last. Sellers are losing force — a reversal setup forming inside a decline.
It completes when the close clears the upper trendline, classically with volume fading inside the wedge and returning on the break.
Real example
US stockBYNDDaily
Completed 2023-10-31
CryptoDOGE-USDDaily
Completed 2023-06-18
A window SQMATE's detectors actually flagged in past bars. It records a day that worked out — the same shape doesn't always resolve the same way.
On SQMATE
No more eyeballing charts
You don't have to flip through charts hunting for shapes. Signal watch pings your browser the moment a condition is met, patterns on your watchlist arrive by email, and the screener lists every symbol that matched today.
SQMATE draws the lines
Support lines, trendlines, channels — the lines you need to read a pattern are drawn for you, so no time goes into drawing.
Patterns aren't the whole story
The same shape doesn't always resolve the same way. It's safer to read it together with candles, volume, and market context — news, catalysts, flows.