Volume dry-up pullback
BullishAfter a new high, price eases back 3–15% while volume dries to under 60% of the pre-high average — a healthy pullback where nobody is selling into it
Most patterns resolve their way only 50–60% of the time — nearly half miss.
Textbook shape
How to read it
After a new high, price eases back only 3–15% while volume dries to under 60% of its pre-high average. Price is falling and yet fewer people are selling.
Declining on no volume suggests there is little stock people want out of. The opposite — volume rising through the dip — is more often distribution than profit-taking; the same pullback shape gets its character from the volume.
This is O'Neil's light-volume pullback and the volume dry-up phase of Minervini's VCP. Past a 15% drawdown SQMATE stops treating it as a pullback at all.
Real example
US stockGMEDaily
Completed 2019-11-13
CryptoETH-USDDaily
Completed 2026-04-19
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.