May I ask why in Gartley, the AB retracement of XA is 50 when it should be 61.8 and BC retraces at 61.8 of AB when it should be either 38.2 or 88.6? Also, why does CD end at approximately 1.4600 price and doesn't reach 78.6 fibo level? Because of round price number and resistance? Anyway, did I miss something when learning Harmonics or is there something I don't know about?
With these patterns the leg can land within a range. So for my strategy the AB retracement of XA must lie between the 38.2 and 61.8 (so in thise case 50 works). And end of the CD leg should land at a 78.6 retracement of the XA leg.
That's how I was taught it but I am still exploring the strategy myself, currently with a 68% success rate. That covers Gartley, cypher and bat, the success rate on Gartley is higher, and on cypher is significantly higher but the bat is lower, all three of which I allow each leg to land within a range. What is your success rate?
It is very hard to find these patterns form at exact Fibonacci levels...