Learn Gartley pattern Trading

Wherever you search about Gartley pattern you get the same points and rules, which could lead you at the end to nothing, here we’ll try to walk with you step by step with the small movie below to make you closer to the Gartley pattern trading world.

Start by an impulsive wave, every wave must be followed by a serial of bull back small moves, traders analyze these small moves and determine when and where the market will start a new trend.

We’ll take the trend in the movie as a case study, the chart we have is for AUD/USD daily time frame, among the bars there is a bearish 4 bars followed by small bullish bar, To see the picture more clearly we have to go to smaller time frame.

When we open the same bars in 4 hr the picture is more clearly, we saw in the daily time frame just 4 bars which in 4hr chart is a strong bearish trend, now the picture is much better.

By using Fibonnaci retracement tool we have for this trend, we found that there is a resistance in 61.8 Fibonacci level, another one in 78.8 level, and one resistance level, this is Gartley pattern, it could be read as a 61.8, 61.8, 127, below you’ll find a list for all the potential Gartley patterns value that you’ll meet in your trading world

You can use online tool to determine the category of your pattern and the potential support and resistance level for your trade.

Sample of Gartley Pattern Values

0.618/0.618/1.414
0.618/0.618/1.618
0.618/0.707/1.270
0.618/0.707/1.414
0.618/0.707/1.618
0.618/0.786/1.270
0.618/0.786/1.414
0.618/0.786/1.618