SYMBI - Gartley Pattern Overview

The Gartley Pattern is a classic harmonic chart pattern used in technical analysis to predict potential reversal points in the price of financial assets. It was originally introduced by H.M. Gartley in his 1935 book "Profits in the Stock Market" and later refined with Fibonacci ratios by others like Scott Carney. Here’s a full breakdown: Structure of the Gartley Pattern The Gartley pattern looks like a zigzag "M" or "W" depending on whether it’s bullish or bearish. It consists of five points labeled X, A, B, C, and D . Bullish Gartley Pattern XA : Initial price move upward. AB : Retracement to 61.8% of XA. BC : Retracement to between 38.2% and 88.6% of AB. CD : Extension to 127.2%–161.8% of BC. D : Final point is at a 78.6% retracement of the XA leg — this is the buy zone. Bearish Gartley Pattern Same structure, but inverted. Point D becomes a sell signal. Key Fibonacci Levels The power of the Gartley comes from Fibonacci ratios: AB = 61.8% retracement of XA BC = 38.2% to 88.6% retracement of AB CD = 127.2% to 161.8% extension of BC AD = 78.6% retracement of XA Trading the Pattern Entry Point Near point D , which represents a potential reversal zone. Stop Loss Just beyond point X — if price breaks this level, the pattern is invalidated. Take Profit Common targets include: Point B (short-term) Point C (longer-term) Gartley vs Other Harmonics While the Gartley is a foundational harmonic pattern, there are others based on similar structure but with different Fibonacci configurations: Bat Pattern Butterfly Pattern Crab Pattern Shark and Cypher Each one has slight adjustments to the Fibonacci levels, changing where point D lands and the aggressiveness of the entry. Why It Matters Predictive Power : Traders use it to anticipate rather than react to price movement. Risk Management : Defined stop and target zones make it easier to plan trades. Versatility : Applies across all timeframes and asset classes — stocks, forex, crypto, commodities. Would you like me to generate a visual diagram of a Gartley pattern? Or maybe walk you through how to spot one on a live chart ? ChatGPT can make mistakes. OpenAI doesn't use Intelligence Unbound Stephen 8ken 🔃🎵🔀 workspace data to train its models.