PHC - Markjay
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A Horn Pattern is a short-term candlestick reversal formation that signals a bullish or bearish trend change.It consists of three candles:
⏺Two outer candles (the "horns"): Sharp price spikes in the direction of the current trend, steeper than surrounding movements.
⏺One small middle candle: Has a small body and closes between the two spikes.
NOTE:
Horns must stand out above surrounding price action.
Volume often spikes during the pattern.
Commonly seen on daily or weekly charts.