Comprehensive Analysis of the Gartley Harmonic PatternThe Gartley Harmonic Pattern, a cornerstone of harmonic trading, was first introduced by H.M. Gartley in his 1935 book "Profits in the Stock Market." This pattern leverages Fibonacci retracement levels and geometric price formations to identify potential market reversals, providing traders with a strategic edge.
__________________________The Bullish Gartley Pattern___________________
Structure:
X-A Leg: The initial upward movement.
A-B Leg: A retracement of approximately 61.8% of the X-A leg.
B-C Leg: An upward move retracing between 38.2% and 88.6% of the A-B leg.
C-D Leg: The final downward movement, retracing 78.6% of the X-A leg, marking the pattern completion at point D.
Entry Criteria:
Entry Point: Enter a long (buy) position at point D, where the price is expected to reverse upward. This is typically the 78.6% Fibonacci retracement level of the X-A leg.
Stop-Loss:
Placement: Set a stop-loss order slightly below point X to safeguard against unexpected price movements. This minimizes potential losses if the pattern fails.
Take Profit:
First Target: Place the initial take profit target at point B, the retracement level of the A-B leg.
Second Target: Set the second target at point C, the retracement of the B-C leg.
Extended Targets: For a portion of the position, consider holding to capture further gains if the price continues to rise.
_________________________The Bearish Gartley Pattern_____________________
Structure:
X-A Leg: The initial downward movement.
A-B Leg: A retracement of approximately 61.8% of the X-A leg.
B-C Leg: A downward move retracing between 38.2% and 88.6% of the A-B leg.
C-D Leg: The final upward movement, retracing 78.6% of the X-A leg, completing the pattern at point D.
Entry Criteria:
Entry Point: Enter a short (sell) position at point D, where the price is anticipated to reverse downward. This corresponds to the 78.6% Fibonacci retracement level of the X-A leg.
Stop-Loss:
Placement: Set a stop-loss order slightly above point X to limit potential losses if the pattern does not play out as expected.
Take Profit:
First Target: Place the initial take profit target at point B.
Second Target: Set the second target at point C.
Extended Targets: Consider holding a portion of the position for additional gains if the price continues to decline.
_________________________Key Considerations__________________________
Precision: Accurate measurement of Fibonacci levels is critical. Even slight deviations can invalidate the pattern.
Confirmation: Utilize additional technical indicators or price action signals to confirm the pattern before initiating a trade. This can include moving averages, trend lines, or oscillators.
Risk Management: Adhere to strict risk management practices. This includes setting appropriate stop-loss levels and managing position sizes to protect capital.
____________________________Conclusion______________________________
The Gartley Harmonic Pattern is a sophisticated and reliable tool for identifying potential market reversals. By mastering the intricacies of both the bullish and bearish Gartley patterns, traders can enhance their analytical capabilities and improve trading outcomes. Integrating these patterns with other technical analysis methods and maintaining rigorous risk management protocols is essential for consistent trading success.
Incorporating the Gartley pattern into your trading strategy involves practice and diligence. Ensure that you continuously refine your skills in identifying these patterns and executing trades accordingly, always mindful of market conditions and broader economic factors.
Gartleybull
BATA INDIAHello and welcome to this analysis
Stock has made a bullish Harmonic Gartley and in this process has also made a double positive regular RSI divergence.
After such a sharp downfall stock has done a couple of candles in a consolidation zone and now could rally till 1600 with a smallish block near 1525, as long as it does not breach below 1380.
Good risk reward scenario at this juncture
Good luck with your investing
SPY Update (weekly) I have two scenarios, "At the Crossroads", to cite an old Robert Johnson song. The black ABCD pattern is negative, and assumes a trend back down to the center of the down channel created last year. The green ABCD assumes an uptrend continuation. Note that on the weekly, we have posted a hammer which rests above the Gann confluence line (positive). Both targets are a 1.27 extension, common for Gartley. RSI(12) on the weekly is 53.93, and has "Room to Move" (an old John Mayall song). Right now, I'm leaning toward the uptrend target, which stands at 425.58. The only word of caution is that we still sit below the cloud, which is considered resistance.
ZUARI AGRO CHEMICALSHello and welcome to this analysis
On daily time frame it is forming a Bullish Harmonic Gartley that has its potential reversal zone between 148-143.
Accumulate in that zone with 135 as stop loss for upside potential targets of 170/190 and ATH
Good risk reward set up from medium term prospective.
USDCAD H4Hi traders, USDCAD is setting up for a upside move i am expecting from price to come around our mentioned pattern completion area and looking price action for a long position opportunity, if price break 1.39753 level without hiting our mentioned pattern completion area then this setup will be invalidate.
Trade with your own strategy GOOD LUCK.
$FUND.X Unification entry PT .125-ish Next Target PTs 5-10 and hFUND Price Live Data
The live Unification price today is $0.227815 USD with a 24-hour trading volume of $311,241 USD. We update our FUND to USD price in real-time. Unification is down 30.18% in the last 24 hours. The current CoinMarketCap ranking is #815, with a live market cap of $7,847,637 USD. It has a circulating supply of 34,447,402 FUND coins and the max. supply is not available.
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Unification (FUND) is a cryptocurrency . Unification has a current supply of 120,000,000 with 34,447,402 in circulation. The last known price of Unification is 0.22754702 USD and is down -30.26 over the last 24 hours. It is currently trading on 10 active market(s) with $311,221.84 traded over the last 24 hours.
LONG LUNA at the PCZ of a GARTLEYThis is as bottom as it gets, massive support at $0 hahahah and then a gartley appears?? COME ON!!! Buy of a lifetime lets gooooooo
Long Gartley Pattern GBPNZD 4HGartley pattern formed this week and got triggered in this afternoon
Previous level of resistance likely to act as support before GBP moves higher.
Entry at: 1.92124
Stop loss at: 1.90807
Target 1 at: 1.93080
Target 2 at: 1.93728
Targets will be moved to account for extension of D leg
Bullish Gartley on AUDCAD 4HI didn't have time to post this trade before I went to work, but it was spotted and triggered in around lunchtime.
Price had moved down into a level of previous structure support.
Aggressive buy limit order set at 0.91095
Stop loss set at: 0.90736
Take profit 1: 0.91459
Take profit 2: 0.91683
Targets will adjusted based on price movement beyond entry point.
If T1 is hit I will roll SL to break even for a risk free trade.
AUDUSD - MORE DOWNSIDE!! FX:AUDUSD is setting up for lower prices with a big break from the ABCD up to 0.7650.
The C-D leg will take us down to 0.6500-0.6600 area where the ABCD Gartley finishes with the 618 from the March 2020 lows. Also the major number of 0.6500.
6.5 being halfway between FIB numbers 5 & 8.
Looking for a pullback to sell into this one as well.
Enjoy the weekend. I hope this helps.
$COIN bullish gartleyI used to do a lot of harmonic patterns analysis. Not so much now but I do notice one if it pops out clearly on the chart. And that’s when they work well, big massive pattern that fit the ratios closely.
In $COIN I see this Gartley having close to the gartley fib ratios. The D wave down is a bit steep but its around 0.786 of XA. We can watch for a trade long here if the market gains strength
GBP/SGD:BULLISH GARTLEY PATTERN TRIGGER | LONG SETUP Welcome back Traders, Investors, and Community!
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Bitcoin Gartley + ABCD HormonicPotential Gartley + ABCD Hormonic on the Bitcoin chart.
No financial advice.
AMC Bullish Gartley PatternHere we are looking at Heiken Ashi candlesticks to get a better picture of the overall trend in AMC over the past couple months. The RSI and MACD both at neutral/oversold and look ready to reverse to the upside. Price tested lower bound of Bollinger Bands and bounced HARD back above it. A bullish Harami was created friday July 9th indicating a possible reversal of the short term downtrend. From the run up starting May 24th we can draw a bullish Gartley harmonic. If this harmonic pattern holds to be true the next Bullish PT would be 162% fib extension of the first run up and retracement which indicates a price of roughly 138 in the near to mid term future. Also worth noting, the highest strike call on AMC is currently 145.
GBPUSD > Bullish Harmonic Gartley Pattern!!Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Analysis on #GBPUSD
Possible bullish harmonic Gartley pattern near support / demand zone also 1.4100 number.
Check today analysis below⠀
>>“In Trading Losses Are the Cost of The Wins, TradingAxis.”
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
EURAUD > Possible Gartley, Near High Demand Zone!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #EURAUD
Hello friends.
Look at the chart and see this lovely X-A leg, an impulsive move that worth 500 pips, a very high demand zone.
I am patiently waiting for this possible Gartley pattern to complete
and for the market to drop bake to this demand zone to look for a reason to get in a buy trade
Safe trading everyone
Check today analysis below⠀
>> "The goal of a successful trader is to make the best trades. Money is secondary"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you