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Harmonicmoves

Educational 06: Gartley PatternIt 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. Thanks for the support, Best Regards, Neetesh Jain
Education
by NeeteshJain
7
EURJPY: Potential AB=CD Pattern Completion Happy Friday traders! Here on the hourly time frame the EURJPY is providing us with a goo example of what could end up being an AB=CD pattern. This was one of the first simple patterns that I learned to trade, and I also learned the hard way that trying to take every single one would land me in the poor house. Although i don't trade it on it's own, I routinely use it as part of my analysis when looking for areas of potential reversal and/or projecting future extensions.
Long
by Akil_Stokes
31
USDJPY ABCD Pattern Short Sticking with the prevailing trend on the higher time frames and looking for a possible short entry to get in on should this thing break to the downside based on the 1D chart. The area where this harmonic pattern would complete comes in at a previous structure level on the 15m chart.This may serve as a possible short entry should there be SIGNS that the market wants to revert and continue down (I need conformation like a teenager!). I would only enter if both legs match, AND if there are bearish signals at that level. Just my two cents, what do you think?
Short
by eightpac
Multiple confluences for a short opportunityWe formed an AB=CD move that completed right around the 1.270 ext area, and that makes us think that the market is moving in a harmonic and structural way. Then we got our double top with RSI divergence first top being Overbought, and that got me interested in the setup. Looking for an opportunity to enter short in this market found a potential Gartley that completes in another confluence zone of Fibs ratios, (.786 & 1.270). --If those ratios would have matched perfectly on each other it creates the well-known “222 Gartley”-- So for me, this is a valid trade and I'm looking forward to it. Hope it completes and gives us the opportunity to join before the NFP. Keep it simple, and focus on the process Jean Twitter: @Jeanc680
Short
by JeanConsole