I tend to post quite a few screen shots to TradingView chat. These are made up of more "spit-ball" ideas not typically worth/worthy of publication. However, I wanted to share one since it's relevant to the implications on this chart.
Here we see prior instances of consolidation on a weekly scale. Shown circled are three consecutive weeks of price consolidation, yielding lower with each new candle close. Of note is the sharp sell-offs which have followed. We are now emerging from the sixth such consolidation, this time lasting 4 weeks. illustrates clearly where we have broken momentum in previous circumstance and in each instance the end result being a new lower low.
Trade Plan: Short to 'D' completion where we take profit and await confirmation for a long entry. Typical targets on a are .382 and .618 of the distance XA,. Pattern becomes invalid once price violates X. For more on Gartleys and how to trade them, check this out: http://www.harmonictrader.com/gcontrover...
Hope that make sense :p Here's a good example of a solo Gartley:https://www.