Candle Wick Rejection Explained
A candle wick rejection occurs when price attempts to break a level but quickly reverses, leaving a long wick.
A long upper wick shows sellers rejected higher prices — a bearish sign.
A long lower wick indicates buyers rejected lower prices — a bullish sign.
This pattern often signals potential reversals or strong support/resistance zones.
Traders use wick rejection as part of price action strategy to enter high-probability setups.
Always confirm with other indicators or candlestick patterns before acting.