It is the second most important trading pattern in Harmonic Pattern series , called Gartley Pattern which is also frequently observed in markets. This post a second post of educational series related to Harmonic Patterns,
In this post, I cover the following things regarding the pattern
1. Pattern Traits 2. Step by Step formation of the Pattern 3. Bullish Gartley Pattern measurements, labelling and targets 4. Bearish Gartley Pattern measurements, labelling and targets 5. Look of the pattern
Further to come in this Harmonic Pattern series , where I shall be discussing about the below patterns:
1. AB=CD Pattern (Completed) ----> Link below 2. Gartley Pattern (Present) 3. Cypher Pattern >>>>> Next 4. Bat Pattern (Coming up) 5. Butterfly Pattern (Coming up)
The best part of the above mentioned patterns that they can be used in all markets and at any time frame. It means you can use the patterns in stock markets, Forex , Commodities and at any time frame like hourly, daily, weekly etc. Therefore, they are important tools when analyzing the charts.
Purpose: To provide information to traders community that can help individual trader to learn more and take inform decisions while trading in order to generate consistent positive results.
Practice the above said chart pattern and share it below with us.