Gartley Pattern
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
A 5-point (X-A-B-C-D) harmonic pattern proposed by H.M. Gartley in 1935. B is at the 0.618 retracement of XA, and D reverses at the 0.786 retracement of XA. Point D does not exceed X, making it one of the most reliable harmonic patterns.
Enter when point D (0.786 XA retracement) is reached and a reversal candlestick pattern is confirmed. Long at point D for a bullish Gartley, short for bearish.
First target: 0.382 retracement of the A to D range. Second target: 0.618 retracement of the A to D range. Maximum target: A level.
Place a stop-loss slightly beyond point X. If point D exceeds X, the pattern is invalid; exit immediately.
A volume surge at point D's reversal is ideal. High volume on X-A with declining volume during A-D formation increases reliability.