HORN TOP PATTERN: Why This Pattern Might Fool You (and How to Spot It!)

This pattern might look bullish on the surface, but some traders see it as a red flag in disguise.

Imagine a "W" shape on your chart, formed by two upward spikes with a small candle in between. Unlike its cousin, the Horn Bottom, this pattern suggests a potential trend reversal. A break below the lowest point of the "W" could signal a bearish breakout and falling prices.

The Horn Top pattern can be a valuable tool for identifying potential trend reversals, especially after an uptrend. However, it's not a guaranteed prediction. False breakouts can occur, and confirmation from other indicators is important before making a trade.

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