How to Use a Rejection Candle

Candlesticks are price patterns or charts to show and read prices in financial markets. Many traders use this method in trading, it cannot be denied that the use of this method is not fully successful in trading. Rejection candle (Rejection candle) is a price action setup, where the price will reverse direction from its original movement. Where this occurs, the initial price had penetrated a level, but the movement was rejected by the market, causing the candle to be closed with a wick. Even though there is a candle rejection, traders can still take chances from this. However, it is necessary to have certain confirmation candles that show that the candle is accurate.

Candle rejection indicates market action that refuses to continue the trend, this candle formation indicates a reversal signal which usually occurs at the end of a trend. So the best bullish rejection setup is when the pattern has been preceded by a bearish wave, and vice versa for bearish rejection which should have been preceded by a bullish movement.

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