Bullish hikkake
BullishA narrow bar tucked inside the previous one breaks slightly lower, then within a few bars price returns and closes above that narrow bar's high — the downside break was a trap
Most patterns resolve their way only 50–60% of the time — nearly half miss.
Textbook shape
How to read it
A narrow bar sits entirely inside the one before it, the next bar breaks slightly below it, and then within a few bars price returns and closes above that narrow bar's high. Hikkake is Japanese for 'trap' or 'hook'.
The point is that the downside break was false. Stops resting under the contraction were swept, and price came straight back — a record that whoever sold the break read it wrong.
SQMATE marks only the first bar that closes back through; once cleared, the level stays cleared, and without that rule the same trap would fire for days on end.
Real example
US stockAMCDaily
Completed 2021-05-10
CryptoDOGE-USDDaily
Completed 2024-11-05
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.