As of 11/20/2024
Indus: 43,408 +139.53 +0.3%
Trans: 17,002 -26.31 -0.2%
Utils: 1,055 +1.25 +0.1%
Nasdaq: 18,966 -21.33 -0.1%
S&P 500: 5,917 +0.13 +0.0%
|
YTD
+15.2%
+6.9%
+19.7%
+26.3%
+24.1%
|
 46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,075 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 |
As of 11/20/2024
Indus: 43,408 +139.53 +0.3%
Trans: 17,002 -26.31 -0.2%
Utils: 1,055 +1.25 +0.1%
Nasdaq: 18,966 -21.33 -0.1%
S&P 500: 5,917 +0.13 +0.0%
|
YTD
+15.2%
+6.9%
+19.7%
+26.3%
+24.1%
| |
|
46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,075 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 | ||
Updated on 8/27/2020.
For more information on this pattern, read
Encyclopedia of Chart Patterns Second Edition
If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.
$ $ $
Horn tops are H-shaped chart patterns that perform best when found on the weekly charts. The performance is good, especially in a bear market. Discovered by Thomas Bulkowski in 1998. The statistics in this article were from the weekly scale.
 Horn Top Chart Pattern
|
The above numbers are based on 843 perfect trades on the weekly scale. See the glossary for definitions.
| Characteristic | Discussion |
| Weekly chart | Use the weekly chart to locate horns. |
| Price trend | Upward leading to the pattern. |
| Shape | Looks like a steer's horn, two parallel price spikes separated by a week. |
| Spikes | The spikes should be longer than most in the past year, but be flexible. |
| Confirmation | The pattern confirms as valid when price closes below the lowest price in the 3-week pattern. |
| Trading Tactic | Explanation | 
The Measure Rule
|
| Measure rule | See the Measure Rule figure to the right. Compute the height between the highest high (A) and lowest low (B) in the 3-week pattern and then multiply it by the above 'percentage meeting price target.' Subtract the result from the lowest low (B) in the pattern to get a price target (C). | |
| Downtrends | If the horn appears near the end of a downtrend, then avoid it. | |
| Confirmation | Wait for confirmation before placing a trade. | |
| Trend change | A horn top usually signals a trend change within 2 months. | |
| Pullbacks | Pullbacks hurt performance. |
The above figure shows an example of a horn top chart pattern. The two spikes tower above the surrounding price landscape, the trend to the chart pattern is upward and long, and price confirms the horn top when it closes below the lowest low in the 3-week pattern. Shown on the weekly scale.
-- Thomas Bulkowski
Support this site! Clicking any of the books (below) takes you to
Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
|
My Stock Market Books
|
My Novels
|
The name is Baud...James Baud.
on 