#Educational 📘
The Gartley pattern is a retracement pattern that occurs when a trend temporarily reverses direction before continuing on its course.
It includes the AB=CD pattern in its structure and gives you the chance to go long ( bullish Gartley ) or short ( bearish Gartley ) at the point where the pattern completes and the trend resumes.
To trade using the Gartley pattern , place your buy order at the point where the C-D leg achieves a 78.6% retracement of the X-A leg.
Place your stop loss just under point X.
Draw a new Fibonacci retracement from point A-D of the completed pattern and take profit at the point where the price will have retraced 61.8% of the distance between A-D.
The Gartley pattern is a retracement pattern that occurs when a trend temporarily reverses direction before continuing on its course.
It includes the AB=CD pattern in its structure and gives you the chance to go long ( bullish Gartley ) or short ( bearish Gartley ) at the point where the pattern completes and the trend resumes.
To trade using the Gartley pattern , place your buy order at the point where the C-D leg achieves a 78.6% retracement of the X-A leg.
Place your stop loss just under point X.
Draw a new Fibonacci retracement from point A-D of the completed pattern and take profit at the point where the price will have retraced 61.8% of the distance between A-D.