The Gartley Pattern

[yeahbah]

Explanation of the pattern here: http://www.harmonictrader.com/price_patternsgartley.htm

Bearish Gartley Pattern

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You can trade this pattern the same way you trade a bearish butterfly pattern.

[yeahbah]

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[yeahbah]

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[yeahbah]

Do you now see how powerful and accurate this pattern is?

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[washer31]

yeahbah, yun garley pattern ba puwede ba sa ALI? parang may garley or bat pattern ako nakkta eh

[yeahbah]

Wala akong makita pards. Paki post chart para makita natin.

[herwinyu]

boss, is this a possible gartley?

[yeahbah]

More like a potential bullish bat. D is at 748.

[jcptraders]

Hi Mr Yeahbah,

I noticed differences in ratios between the Harmonic Trader E book and Harmonic Trader.com. Example

C point in bullish butterfly in the harmonictrader.com is .886 of AB leg or .382 of XA leg
while in the e book Harmonic Trader, C point is .618 or .786 of AB.

I've been using both depending if its suits the stock graph. Main reference still as stated in both articles is the 1.27/1.618 of XA leg for point D.

On the ratios aside from the D point, can they vary as long as the important leg is formed?

[yeahbah]

Just checked the ebook, yup they're different alright. The author updated the pattern based on his observations, tests or whatever. The ebook I think was published way back in the 90s so I'd just follow the one on the website.

To answer your question about the D leg. The D or PRZ is strict, it should be within the ranges of XA and BC projection. When the levels converge, say 127% XA converges with 161.8% BC, it is likely the price might reverse from that point.