Below is a slider quiz to test your ability to identify horn tops. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.
1 / 7
Horn tops are chart patterns that I found on the weekly scale years ago. They resemble a pair of steer's horns, pointed upward. Before I forget, all of the charts in this
quiz are on the weekly scale. Anyway, Look for two price spikes that tower above a center price bar and are longer than the average price spike (the part which floats above the two
adjacent price bars). The three-bar pattern should be clear of other nearby price bars, but I'm not a stickler
for that. The pattern confirms as a valid one when a weekly price bar closes below the lowest low of the 3-bar pattern. You can also find them on other scales, but on shorter timeframes,
they are not as effective. Volume slopes downward in this example, but I don't think it has much value either way. AB is the horn in this example, in case you didn't guess. C is the
confirmation line. A close below C and the horn becomes a valid pattern.
2 / 7
Find as many horns as you can. For help, click here.
3 / 7
There's only one horn top on the chart and I mark that as HH. The other two circled don't confirm (price doesn't close below the bottom), so they are not horns.
4 / 7
Find as many horns as you can. Warning: there may not be any to find!
5 / 7
I show two horns on this chart.
6 / 7
Find as many horns tops and bottoms as you can. Warning: there may not be any to find!
7 / 7
Horn tops are labeled as HH and so are the bottoms. Go figure.
29,500 or 28,300 by 02/01/2020
on 