Rejection pin bar

Price action · Timeframe: H1 / H4 / Daily · Sessions: Any

A candle with a long wick that rejects an extreme and closes far from it.

How it works

A bullish pin bar has a lower wick at least twice its body: price probed lower, found no follow-through and was pushed back up. At a relevant low it signals rejection of the level.

Step-by-step rules

1. Wick > 2× the body and > 60% of the total range.
2. The close sits in the third opposite to the wick.
3. It must touch the 20-candle extreme.
4. Entry at the close; stop beyond the wick; 2R target.

How Marketalyx tests it

Detector (H1): pin bar at the 20-candle extreme; stop at the wick; 2R target.

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Engulfing candle at a liquidity zone · Inside bar breakout (H4)

Educational content. No strategy guarantees profits and past performance does not guarantee future results.