The Gartley pattern, one of the most traded harmonic patterns, is a retracement and continuation pattern that occurs when a trend temporarily reverses direct. There are various patterns which fall into the “harmonic” group, but today we will highlight one of the oldest recognized harmonic patterns – the Gartley pattern. “The Gartley is a very powerful, multi-dimensional pattern. It is called a Gartley because it is found in H.M. Gartley’s book, Profits in the Stock Market, .

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The BC move should then reverse the AB move. This means that the potential of the bearish Gartley is a price decline from Point D.

Trading The Gartley Pattern –

AB is then bearish. Therefore, this target is accomplished even before we manage to enter the market.

CD reaches the Click Here to Join. The Bullish Gartley is the one we took as an example in the images above.

Trading the Gartley Pattern: Ratios, Rules and Best Practices

This is a sketch of the Gartley chart figure. One more question pls: When the CD move is complete, you should measure the AD move. It is located at the My preferred method for trading Gartleys is to enter a full position after the D bounce and then scale out at different levels. Or am I reading the price action incorrectly? This way you will be able to gauge the general size of the pattern and have a clear idea about the parameters.

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Wow great read thanks chris Reply. This target takes a little bit longer to be complete.

Gartley Pattern and Trading the Patterns

Remember, the expected outcome of the Gartley figure could be 2222 or bearish depending on whether we have a bullish Gartley or a Bearish Gartley. The AB move should be approximately As mentioned earlier, the targets that I look for are as follows: Search Our Site Search for: This way you will protect yourself from any rapid or unexpected price moves. As a harmonic patternthe Gartley swings should correspond to specific Fibonacci levels: If you open a bearish Gartley trade, your stop loss 2222 should be located right above the D point of the pattern.

The CD leg is therefore often equal to the AB leg. You guys helped me alot. Since then, various books, trading software, and other patterns discussed below gartleg been made based on the Gartleys.

Fourteen periods after price reaches the A target, we see that the final target is reached. The Gartley formation is part of the harmonic family of patterns. Do you already use Fibs?

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Some of these patterns are reversal gatley, others are continuation patterns. If BC is As such, the pattern consists of five points on the chart. These patterns are used to help traders find good entry points to jump in on the overall trend.

Your email address will not be published. You control your life by controlling your time. BC is bullish, and CD is bearish again.