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âś… Horn Candlestick Pattern
âś… Trend Reversal Pattern
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Horn Candlestick Pattern
• Horn Bottom - Bullish
• Horn Top - Bearish
A horn pattern is a sudden spike in stock price.
The pattern looks like two horns of a bull or the letter "H"
It’s a 3 candlestick pattern.
• Horn Bottom
Horn Bottom occurs during downtrend with 2 candles which shows resemblance to horns implying that bears have lost ground as they have reached lower price now its bulls turn to lead the market
Long trades occurs when the script breaks the high of 2nd horn candle.
The area where horn bottom occured becomes a strong support zone
• Horn Top
Horn Top occurs during uptrend with 2 candles which shows resemblance to horns implying that bulls have lost ground as they have reached higher price now its bears turn to lead the market
Short selling occurs when the script breaks the low of 2nd horn candle
