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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » General Trading Discussions » Why do candlestick rejections occur?

Why do candlestick rejections occur?

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1Why do candlestick rejections occur? Empty Why do candlestick rejections occur? Fri Oct 11, 2024 12:32 pm

Sameulson



Candlestick rejections occur due to market indecision at key levels, profit-taking by traders, lack of momentum to break resistance/support, or fundamental news affecting sentiment. These factors lead to wicks (shadows) in candlesticks, showing price levels tested but not sustained, indicating potential reversals or continuations. As per my trading experience, I hardly encounter such scenarios with LQDFX broker.

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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » General Trading Discussions » Why do candlestick rejections occur?

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