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Gartley Chart Pattern

It's better to start with this pattern, if you understand this pattern good, then you'll not find difficulty to recognize the other extended patterns like Bat Pattern and Butterfly pattern, so let's start with the basics of the pattern.

First of all find an impulsive wave, impulsive wave is every wave consists of the famouse forex five waves, understanding Elliot waves will make it more easier for you to understand this point, after the fifeth wave there must be a bullback for the trend, in Gartley Pattern this bullback suppose to stop at 61.8 Fibonacci level, then go to the trend direction but not too far, it'll stop at 23 level, then resume the bullback again and stop at 78.6 level, if all this condition works fine then this level is your start level to open your position.

Below is a Gartley pattern from the real life, this trade started last Jan 21 in AUD/USD in 15min time frame, you can see here the X-A impulisve wave and the bullback for the trade, go back to that day and see how it looks like in the real life.

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