Bitcoin
Eğitim

GARTLEY Harmonic Pattern: How does it work?!

286
GARTLEY Harmonic Pattern: How does it work?!

The "Gartley", as its name suggests, was introduced by Henry Mackinley Gartley.

All other harmonic patterns are modifications of the Gartley.

Its construction consists of 5 waves:

XA: This could be any violent movement on the chart and there are no specific requirements for this movement in order to be a Gartley start

AB: This is opposite to the XA movement and it should be about 61.8% of the XA movement.

BC: This price movement should be opposite to the AB movement and it should be 38.2% or 88.6% of the AB movement.

CD: The last price movement is opposite to BC and it should be 127.2% (extension) of CD if BC is 38.2% of BC. If BC is 88.6% of BC, then CD should be 161.8% (extension) of BC.

AD: The overall price movement between A and D should be 78.6% of XA

How to use it
Point D is where you come in, man! It's your entry signal.

-If it's an M pattern, you buy.

-If it's a W, you sell2.

Where to put your STOP LOSS??
-Below or "X" if you are a BUYER.

-Above "X" if you are a SELLER.

These percentages are based on the famous Fibonacci ratios, as mysterious as the pyramids of Egypt!

Ultimately, the Gartley pattern is like a good Cuban cigar: it requires patience and experience to be appreciated at its true value. But once you master it, it can become a powerful tool in your trading arsenal, as effective as a punch from Rocky Balboa!
Not
anlık görüntü

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.