Understanding Basic Candlestick Charts
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A rejection candlestick is a price action pattern seen on trading charts that shows strong market rejection from a price level — often signaling a potential reversal or strong support/resistance area. It typically has a long wick (shadow) and a small body, indicating that buyers or sellers tried to push the price one way but were overpowered by the opposite side before the candle closed. Traders often use rejection candles near key zones to anticipate turning points in the market Example types:
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