Glossary › rejection
Trading glossary · candles
rejection
When price pushes to a level but gets shoved back, leaving a long thin line on the candle.
The fuller meaning
A failed push through a price, shown by a long wick and a close back away from the extreme. A rejection means more at a known level, such as resistance, a round number or VWAP; long upper wicks show selling at higher prices, long lower wicks show buying at lower prices.
rejection.
Related words
bearish · bearish engulfing · bearish harami · bearish marubozu · body · bullish · bullish engulfing · bullish harami · bullish marubozu · candlestick