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What Is a Wick Rejection

A wick rejection is a candle that went through a level during the day and closed back on the near side of it, leaving a long thin line where the price had been. This paper shows you one drawn from the pound's 17 September 2025, the idea as a boomerang, the candle on the daily chart beside the level it crossed, the same day hour by hour, and how to measure the wick with the Data Window on your platform.

Difficulty
Advanced
Reading time
5 min
Pages
8
Reviewed by
Saman Rahbar

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A candle that went too far and came back

A wick rejection is a candle that went through a level during the day and closed back on the near side of it. On 17 September 2025 the pound against the dollar opened at 1.3640, rose to 1.37261 — 54 pips above the previous day's high of 1.3672, a pip being the fourth decimal place, the smallest step most people count in — and closed at 1.3623, below the old high again. The candle's wick — the thin line beyond the body — is 86 pips long, and the body is 17. The long wick is the mark left by a price that went somewhere and was not kept there.

A boomerang

The picture is a boomerang. It leaves the hand, flies a long way out, and comes back to almost where it started. A candle's wick is the flight: the price went that far during the day. The close is where it landed. The farther the flight and the nearer the landing to the start, the longer the wick and the shorter the body. The word rejection only says that the far point did not hold, and that the price came back from it inside the same day.

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