Gatley's fairy tale
I learned naked K not to despise metrics, but to
Pinch a calculation, a painting, can a sword seal throat, magic! ?
Okay, I admit it. I paid a lot of money.
In order not to let you unfortunately caught, please handsome accept my secret book!
Gatley morphology is derived from the 5-point retraction structure, first discovered by H.M. Gartley and further defined in detail by Scott Carney. It has specific Fibonacci measurements for each point in its structure, and it is important to note that point D is not a fixed point, but rather a range where prices can reverse, known as the potential reversal zone (PRZ). Point B is the 0.618 retracement of XA segment, and PRZ is composed of three harmonic horizontal bits: 1) XA short 0.786 retracement, 2) AB = CD configuration, and 3) 1.27 or 1.618 mapping of BC segment.
Stop profit target automation, kill two birds with one stone ~
The first target is the 0.382 retracement of AD and the second target is the 0.618 retracement of AD. A common stop is below X. Conservative traders may look for other reassurance. This pattern can be bullish or bearish.
It has a lot of flavor, you know
The Gartley Harmonic Pattern is one of the most traded Harmonic patterns, and it can be used in many markets and time cycles. The harmonic pattern is based entirely on the Fibonacci retracement, which is a powerful and reliable trading technique.
But for harmonics to work, you need to test them as you would any other trading technique or strategy, not just by clicking "buy and sell." For example, you need to understand the logic behind the strategy, its drawbacks and advantages.
Like other trading strategies, it relies on price charts, where you need to understand what's happening on the charts and find opportunities to go long or short through harmonic patterns to have a chance of making the most money.
Deviation index collocation, very cool ~
The best case scenario is more than three higher highs and higher lows in a bullish trend pattern followed by a bullish divergence. In addition, the price rally has broken out of the resistance zone, which has shifted into support and then becomes a 'clearing zone' as a lot of stops are triggered.
In addition, we see the 200-day moving average, which here can be seen as dynamic support.
Profit and loss ratio of experience, quick success! Must make great efforts ~
Basically, all of this comes together on one big clear platform, top-down multi-time frame analysis, to form a gatley harmonic pattern of bullish trends that work in our favor. This means that from this point on, I can go long, usually with a risk-return greater than 1.50 or so. Don't be greedy, and don't be stingy
Finally, wish the old iron will win every buy!
Pinch a calculation, a painting, can a sword seal throat, magic! ?
Okay, I admit it. I paid a lot of money.
In order not to let you unfortunately caught, please handsome accept my secret book!
Gatley morphology is derived from the 5-point retraction structure, first discovered by H.M. Gartley and further defined in detail by Scott Carney. It has specific Fibonacci measurements for each point in its structure, and it is important to note that point D is not a fixed point, but rather a range where prices can reverse, known as the potential reversal zone (PRZ). Point B is the 0.618 retracement of XA segment, and PRZ is composed of three harmonic horizontal bits: 1) XA short 0.786 retracement, 2) AB = CD configuration, and 3) 1.27 or 1.618 mapping of BC segment.
Stop profit target automation, kill two birds with one stone ~
The first target is the 0.382 retracement of AD and the second target is the 0.618 retracement of AD. A common stop is below X. Conservative traders may look for other reassurance. This pattern can be bullish or bearish.
It has a lot of flavor, you know
The Gartley Harmonic Pattern is one of the most traded Harmonic patterns, and it can be used in many markets and time cycles. The harmonic pattern is based entirely on the Fibonacci retracement, which is a powerful and reliable trading technique.
But for harmonics to work, you need to test them as you would any other trading technique or strategy, not just by clicking "buy and sell." For example, you need to understand the logic behind the strategy, its drawbacks and advantages.
Like other trading strategies, it relies on price charts, where you need to understand what's happening on the charts and find opportunities to go long or short through harmonic patterns to have a chance of making the most money.
Deviation index collocation, very cool ~
The best case scenario is more than three higher highs and higher lows in a bullish trend pattern followed by a bullish divergence. In addition, the price rally has broken out of the resistance zone, which has shifted into support and then becomes a 'clearing zone' as a lot of stops are triggered.
In addition, we see the 200-day moving average, which here can be seen as dynamic support.
Profit and loss ratio of experience, quick success! Must make great efforts ~
Basically, all of this comes together on one big clear platform, top-down multi-time frame analysis, to form a gatley harmonic pattern of bullish trends that work in our favor. This means that from this point on, I can go long, usually with a risk-return greater than 1.50 or so. Don't be greedy, and don't be stingy
Finally, wish the old iron will win every buy!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.