Price pushing into a level and being driven back, usually leaving a long wick and a close away from the extreme.
How traders use it: A rejection at a planned level is one piece of evidence; traders often want a follow-through candle as confirmation.
Common mistake: Treating any wick as rejection, even in the middle of nowhere.
Related: Wick (shadow) · Pin bar · Close significance
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.