TECHNICALLY WHEN WE LOOK AT THE GRAPH IN 4 HOURS, THE Gartley Bull Formation ( Gartley Bullish ) HAS OCCURRED.
THESE TRANSACTIONS ARE VERY RISKY. IT MUST NOT BE
ENTERED WITHOUT MONEY RISK MANAGEMENT. FUNCTIONAL TARGETS ARE AVAILABLE ON THE CHART
TP1:2.78 TP2:3.21 PROCESSING ENTRY LEVEL:2.44 (4-HOUR CANDLE CLOSURE) IS NOT
INVESTMENT ADVICE. IF YOU
BENEFIT FROM ANALYSIS, DON'T FORGET
TO LIKE AND FOLLOW 👍👍👍👍👍
Gartley Bog Formation ( Gartley Bullish ) Retracement from A to D should ideally be 61.8% or 78.6% of the XA leg.
• A valid ABCD pattern should be observed in themove from A to D.
XA and AD must be synchronized in time.
• AD time should be between 61.8% and 161.8% of XA time . Sometimes the ABCD formation retracts 100% of the XAB leg. ( Double Bottom ) • In this case, for a true double bottom, the timeXA and AD must be equal.