Chart cheat sheet
CandlestickNeutral
Pin bar / rejection candle
A long wick shows price explored a level and was firmly pushed back. The close reveals which side rejected the move.
Educational example of a pin bar / rejection candle. Real charts are messier — the shape is the idea, not a template.
What confirms it
The wick rejects a meaningful level and the following candle moves away from it.
Common trap
A long wick in random space means little. The best rejection candles occur at clear structure.
Read it in five checks
- 01Trend: Is the higher chart rising, falling or ranging?
- 02Location: Is the setup at real support, resistance or structure?
- 03Close: Did a full candle close beyond the trigger level?
- 04Invalidation: Where does the chart prove the idea wrong?
- 05Reward: Is there enough clear space before the next barrier?
A chart pattern describes price behaviour; it does not predict the next candle. Use it with a trend filter, a defined stop and a tested risk-reward rule. Educational examples only — not trading advice.