Back to Chart Patterns

Horn Top

The Horn Top has two sharp peaks close together with a very shallow trough between, resembling horns.

Horn 1Horn 2Horn Top: 2 rising peaks → Decline

Pattern Details

Category

reversal

Success Rate

69%

Average Move

-11%

Duration

1-3 weeks

Pattern Structure

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

Trading Rules

Trading Rules
Essential rules for trading this pattern successfully
  • ✓
    Enter short position when price declines below trough
  • ✓
    Two peaks close together in time
  • ✓
    Target = Distance from peak to trough
  • ✓
    Stop loss above highest peak
Trading Tips
  • Similar to Double Top but peaks closer together
  • Two peaks should be similar size
  • Rare pattern

Statistics

Breakout Statistics
Bullish Breakout31%
Bearish Breakout69%
Performance Metrics
Average Rise+5%
Average Decline-11%
Pullback Rate15%