Selling climax
BullishAt a new low, volume prints a 60-bar record and three times its average, yet the bar closes in its upper half — maximum effort with no result, read as sellers exhausting
Most patterns resolve their way only 50–60% of the time — nearly half miss.
Textbook shape
How to read it
At a 60-bar low, volume prints its largest reading of that stretch — over three times average — yet the bar closes in its upper half. Maximum supply hit the tape and price did not fall accordingly.
Wyckoff called this effort versus result: if the effort was maximal and the result was not, something absorbed it. That is why it reads as sellers exhausting.
It is not a bottom-caller. A retest of the low often follows, and whether volume shrinks on that retest is the part worth watching.
Real example
US stockLLYDaily
Completed 2016-11-23
CryptoSOL-USDDaily
Completed 2024-08-05
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.