is the Golden Ratio (1618). Fibonacci numbers are pervasive in the universe and were originally derived by Leonardo Fibonacci. A proper Gartley chart pattern needs to fulfill the following three Fibonacci rules: AB retrace.618 Fibonacci Retracement of XA leg; BC minimum.2 and maximum.6 Fibonacci retracement of AB leg; CD Poses a target between.27.618 Fibonacci extension of AB leg. It shows trade entry, stop and target levels from D levels using XA leg. Now, its time to switch our focus and define where to take the profits. Trading Strategy Guides knows that the geometric patterns that can be found in nature, the same anomalies can be found in financial markets as well. Identify on the chart the starting point X, which can be any swing high or low point on the chart. How to Trade with the Gartley Pattern. These harmonic structures identified as specified (Harmonic) patterns provide unique opportunities for traders with potential price movements and key turning or trend reversal points. Over the years many different people have been looking at the market seeing different things but Scott Carney who found the harmonic patterns noticed that a certain pattern always appear to lead to good trading opportunities.

This ability to repeat these intricate pattern.
The Gartley Harmonic pattern trading strategy will teach you how t o trade the gartley pattern and start making money with a new concept.
Harmonic Patterns foundation and trading concepts were laid.M.
Gartley in 193.
Gartley wrote about a 5-point pattern (known as Gartley) in his book.

Hence, Harmonic pattern trading has much more advantage than trading other trading methods. Use the same rules for a sell trade. This article was written by Suri Duddella, a private trader who uses proprietary mathematical and algorithmic models and pattern recognition methods. For simplicitys sake, from now on were going to refer to the Amazing Harmonic Pattern Trading Strategy as the ahpt trading strategy. In the following graphic, Types of Fibonacci are shown to depict how retracement, extension, projection and expansion swings are applied using Fibonacci ratios. I would walk you through this process step by step.