Breakdown & retest
BearishWithin days of breaking below a channel line and flushing more than half a rung down, price rallied back to that line for the first time, bumped its head on it and was rejected — the broken support is being confirmed as resistance. A long upper wick probing just short of the line counts as a touch
Textbook shape
Real example
US stockRIVNDaily
Completed 2026-02-13
CryptoDOGE-USDDaily
Completed 2025-10-12
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
This signal only exists relative to a line — without knowing where support sits, you can't tell it was retested. SQMATE draws that line for you and detects the touch.
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.