✤ Green to green rejection

1. 1^st candle’s close must be greater than 1^st candle’s open, it means 1^st candle is a bullish candle.

2. 2^nd candle's close must be greater than 2^nd candle's open, it means 2^nd candle is a bullish candle.

3. 2^nd candle’s high must be greater than 1^st candle’s high, it means 2^nd candle has a higher high.

4. 2^nd candle’s low must be greater than 1^st candle’s low, it means 2^nd candle is a higher low.

5. 2^nd candle’s close must be less than 1^st candle’s high, it means 2^nd candle is a rejection candle.

✤ Red to red rejection

1. 1^st candle’s close must be less than 1^st candle’s open, it means 1^st candle is a bearish candle.

2. 2^nd candle's close must be less than 2^nd candle's open, it means 2^nd candle is a bearish candle.

3. 2^nd candle’s high must be greater than 1^st candle’s high, it means 2^nd candle has a higher high.

4. 2^nd candle’s low must be greater than 1^st candle’s low, it means 2^nd candle is a higher low.

5. 2^nd candle’s close must be less than 1^st candle’s high, it means 2^nd candle is a rejection candle.

✤ Red to green rejection

1. 1^st candle’s close must be less than 1^st candle’s open, it means 1^st candle is a bearish candle.

2. 2^nd candle's close must be greater than 2^nd candle's open, it means 2^nd candle is a bullish candle.

3. 2^nd candle’s high must be greater than 1^st candle’s high, it means 2^nd candle has a higher high.

4. 2^nd candle’s low must be greater than 1^st candle’s low, it means 2^nd candle is a higher low.

5. 2^nd candle’s close must be less than 1^st candle’s high, it means 2^nd candle is a rejection candle.

✤ Green to red rejection

1. 1^st candle’s close must be greater than 1^st candle’s open, it means 1^st candle is a bullish candle.

2. 2^nd candle's close must be less than 2^nd candle's open, it means 2^nd candle is a bearish candle.

3. 2^nd candle’s high must be greater than 1^st candle’s high, it means 2^nd candle has a higher high.

4. 2^nd candle’s low must be greater than 1^st candle’s low, it means 2^nd candle is a higher low.

5. 2^nd candle’s close must be less than 1^st candle’s high, it means 2^nd candle is a rejection candle.

✤ Rejection:

☛ In financial markets, rejection refers to a situation where the price attempts to move beyond a certain level—such as a support, resistance, or key psychological level—but fails to sustain the move, signaling a lack of momentum in that direction. This often leaves behind visual cues on a candlestick chart, such as long wicks or shadows, indicating market hesitation or reversal.

✤ Long Wick or Shadow

☛ The wick represents the area where price attempted to go but was "rejected."

☛ Upper Wick: Indicates rejection of higher prices, often signaling bearish sentiment.

☛ Lower Wick:Indicates rejection of lower prices, often signaling bullish sentiment.

✤ Occurs Near Key Levels:

☛ Resistance Rejection: When price tests a resistance level but cannot break above it.

☛ Support Rejection: When price tests a support level but does not break below it.

✤ Market Sentiment Shift:

☛ Shows that buyers or sellers are stepping in to defend a certain price level, potentially leading to a reversal or consolidation.

✤ Examples of Rejection in Candlestick Patterns:

☛ Hammer Candle (Bullish Rejection): Long lower wick, small body; often signals reversal from downtrend.

☛ Shooting Star (Bearish Rejection): Long upper wick, small body; often signals reversal from uptrend.

☛ Doji: Indicates indecision and can reflect rejection depending on context.