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The Gartley

This is another common harmonic pattern which can be used to great effect. The gartley has the following ratios

AB: The AB move should be approximately 61.8% of the XA size. BC: The BC move should then reverse the AB move. At the same time, the BC move should finish either on the 38.2% Fibonacci level, or on the 88.6% Fibonacci level of the prior AB leg.
CD: The CD should be a reversal of the BC move. Then if BC is 38.2% of AB, then CD should respond to the 127.2% extension of BC. If BC is 88.6% of AB, then CD should be the 161.8% extension of BC.

AD move then takes a 78.6% retracement of the XA move.

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Bullish PatternseducationGartleyHarmonic PatternsTrend Analysis

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