Notice this is a monthly chart!
This is an example of price action bouncing off major support and moving higher to major resistance. Notice the last candle looks like a rejection candle. A rejection candle would indicate a reversal back downward. However, notice this rejection candle did not form at a monthly resistance level. As a result it is not a valid rejection candle but merely an indication that price has moved up to far to fast and has corrected back down to a more reasonable monthly valuation. Once correction is over price should continue to move upward to major resistance.
This is an example of price action bouncing off major support and moving higher to major resistance. Notice the last candle looks like a rejection candle. A rejection candle would indicate a reversal back downward. However, notice this rejection candle did not form at a monthly resistance level. As a result it is not a valid rejection candle but merely an indication that price has moved up to far to fast and has corrected back down to a more reasonable monthly valuation. Once correction is over price should continue to move upward to major resistance.