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Horn Bottom

The Horn Bottom has two sharp troughs close together with a very low peak between, resembling inverted horns.

Horn 1Horn 2Horn Bottom: 2 falling troughs → Rise

Pattern Details

Category

reversal

Success Rate

72%

Average Move

+16%

Duration

1-3 weeks

Pattern Structure

Pattern Structure
Key components that define this chart pattern
  • 1
    Trough 1: Sharp, pointed
  • 2
    Peak: Very low
  • 3
    Trough 2: Sharp, pointed, close to trough 1

Trading Rules

Trading Rules
Essential rules for trading this pattern successfully
  • ✓
    Enter long position when price rises above peak
  • ✓
    Two troughs close together in time
  • ✓
    Target = Distance from trough to peak
  • ✓
    Stop loss below lowest trough
Trading Tips
  • Similar to Double Bottom but troughs closer together
  • More effective than Horn Top
  • Confirm with volume

Statistics

Breakout Statistics
Bullish Breakout72%
Bearish Breakout28%
Performance Metrics
Average Rise+16%
Average Decline-4%
Pullback Rate12%