The 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.
perfect bearish Gartley forming after weeks of waiting to confirm. Go ahead and get your short positions ready for this break either at the 1.27 ext or the 1.618. Abut a 30 pip difference between the fib levels ( Highlighted PRZ in the blue box at the top.)
TP1: .382
TP2. .618
Stay tuned!
Gartley pattern is complete on this pair. furthermore look at the attachment below, on the same chart and 4 hr time a completed deep bearsih crab is also complete. its just adds onto the further confluence factors.
https://www.tradingview.com/x/fS6BPw5P/
Please place the trade when the market opens. refer to the main chart for SL AND TP levels. Cheers and happy ...
After a terrific dead cat bounce NANO finally facing the retracement, it already did. and the it bounce again but with weak power and making wick on price actions which means the power of that direction slowly faded.
It is supported by RSI level which shows us a bearish div. Nothing more to say, looking forward for the second short-term retracement before at the ...
I love to Trade this Gartley Pattern and now it has another reason for me to buy The recent move of this pair fromed a Ending Diagnol Buy at the the lower edge of the Wedge and a upside break out will confirm the bullish move.
EURUSD Short the structure pull back
4h chart EURUSD formed a Bearish Gartley
Yesterday price pull back to 1.1700 and failed to make new high.
Now price has broken 1.1680 and pull back
We can short EURUSD now
SL above 1.1707
TP1: 1.1650 TP2: 1.1550
Question:
If we assign USD 200 for this trade, how many lots
should we open?
Please reply in comment area and ...
Look left, the biggest retracement was broken at 120% Fibonacci Extension.
At the present, CADCHF has a rule retracement at the wave 2.
Thus, I predict CADCHF will up again from the wave 4 to wave 5.
Target 1: 38.2 (61.8) 0.74582
Target 2 is at Garley (78.6) 0.75100
Stop loss: 120% extension 0.73685
Harmonic pattern- Bearish Gartley pattern
Potential Reversal Zone (PRZ)- 113.20
USDJPY jumped more than 200 pips from the low of 110.38 in the past two trading days. The pair hits high of 112.44 and shown a minor decline. It has formed bearish gartley pattern and major near term resistance is around 112.50 and any break above targets 113.20/114/114.73.
On the ...
This is a follow up on my previous analysis on Oil. This is it on a lower time frame and my view has not changed at all. Looks like it is still has some upside to go, but according to my analysis, that will be short-lived. We have a bearish cypher pattern and bearish gartley pattern both completing at $73. If you remember from my previous analysis on the higher ...
EURUSD 4H Gartley Completed
and price put a doulbe top
this means 1.1780 is the recent turning point.
We can sell EURUSD Now
SL: 1.1770
AIM for 1.1540 and even lower
Litecoin is in the largest potential harmonic reversal zone of its 7 year history, with the pattern covering a period of 1.5 years. There's a strong probability for a market-wide reversal beginning now if this potential harmonic reversal zone is valid, and we may head to all time highs due to the sheer size of this harmonic and the correlation to other charts, the ...
FX:EURUSD / H4 / TECHNICAL CHART
Wait for Pullback and then SELL.
On the contrary, if price breaks 1.1625 strongly, it might go towards 1.1695 and 1.1733 as well.
See the chart. See my bearish Gartley chart. Tariffs + FOMC rate hike + midterm elections = serious pressure on equities. Just starting down...
This is not investment advice. It's pure guesswork, trade at your own risk.
