TURKCELL Gartley Harmonic FormationOn the weekly chart, the developing Gartley pattern shows that the 1.95–2.00 USD support zone has held firmly for several weeks, keeping the structure intact; as long as price remains above this base, the harmonic projection toward 2.72 USD stays valid, implying roughly 24% upside with a potential completion window toward late february. A weekly close below the support range would invalidate the setup. Not financial advice.
Gartleypatterm
LUNAUSDT Gartley FormationThe Gartley Pattern is one of the most traded harmonic patterns and can be applied to many markets and timeframes. It is a 5-point retracement structure that was originally outlined by H.M. Gartley and detailed further by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 0.786 retracement of the primary XA leg, 2) AB=CD pattern and 3) the BC projection is either 1.27 or 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Gartley Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.


