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What is Rejection?

Price moving away quickly from a level with little time or volume spent there; the market refused those prices.

In context

Rejection means price reaches a level, no meaningful trading develops, and price returns quickly. Rejection usually leaves behind a tail (on a TPO chart) or a thin, low-volume area (on a volume profile).

From Chapter 7: Auction Market Theory

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Education only. Not financial advice. Trading involves substantial risk of loss.