Gartley Pattern Analysis
At this time the lesson, we will discuss about the harmonious patterns. The lessons that might be a little bit difficult, but once you get to understand it will be able to help you to get a good profit.
The overall idea of this pattern is to be able to predict the likelihood of a retracement. We will be using the tools we already discussed earlier, namely the Fibonacci retracement and extensions!
By combining these tools will greatly help us to be to distinguish the area of the continuation of a trend as a whole.
On the lesson this time, there are a few things that we discuss. Among them are:
-ABCD Pattern
Pattern 3-Drives
Gartley Patterns
Patterns Of Crab (Crab)
Patterns Of Bats (Bat)
Patterns of butterflies (Butterfly)
Once you learn and …show more content…
As time progressed, traders are aware that these patterns can be diteapkan the other market. Since then, various books, software and other patterns are created and developed based on basic principles of Gartley.
Gartley pattern Pattern aka "222"
Gartley pattern "222" named after a book by H.m. page by digitally.
Gartley, Pofits in the Stock Market. Gartley pattern is a pattern that consists of
ABCD basic patterns which we have discussed earlier, but added with the highest or lowest level.
Now, this pattern is commonly formed when a correction from an overall trend and look like the letter "M" (or "W" on a bearish pattern). This pattern is used to help traders find a good point to take a position and follow/into the trend.
Gartley pattern formed when prices are in a trend of good uptrend as well as downtrend, but already gives the sign of a correction will appear.
What makes the Gartley pattern into the right set-up when formed point reversal, a Fibonacci retracement and the Fibonacci level extension. This provides a strong indication that the price might be …show more content…
AB.
Characteristics of this pattern include:
1. AB should of. 786 retracement from XA.
2. BC could. 382 or. 886 retracement of AB.
3. If a retracement of BC is. 382 from AB, then the CD must of 1,618 extension of BC. And if BC is. 886 from AB, then the CD must be added 2,618 from BC.
4. The CD must of 1.27 or 1,618 extension from XA.
3. STEP TRADING PRICE PATTERNS HARMONIOUS
Below are the stages on the harmonious patterns:
-Step 1: search for the potential of a harmonious pattern
-Step 2: measure the potential for harmonious pattern
-Step 3: Buy or sell on a harmonious pattern formed with 3 basic stages, you can get great opportunities that can help you to get profit.
Let's see more!
Step 1: search for the potential of a harmonious pattern
Wow, the picture looks like a harmonious pattern of potential! At this time we not sure what kind of patterns that exist in the image above. Such a pattern of threedrive, but could also bat pattern or crab.
Step 2: measure the potential for harmonious pattern
Use Fibonacci tools, sebuaj pens, and a piece of paper, let's take note of our observations.
1. BC of retracement from 618. AB.
2. A CD of 1,272 extension of
The overall idea of this pattern is to be able to predict the likelihood of a retracement. We will be using the tools we already discussed earlier, namely the Fibonacci retracement and extensions!
By combining these tools will greatly help us to be to distinguish the area of the continuation of a trend as a whole.
On the lesson this time, there are a few things that we discuss. Among them are:
-ABCD Pattern
Pattern 3-Drives
Gartley Patterns
Patterns Of Crab (Crab)
Patterns Of Bats (Bat)
Patterns of butterflies (Butterfly)
Once you learn and …show more content…
As time progressed, traders are aware that these patterns can be diteapkan the other market. Since then, various books, software and other patterns are created and developed based on basic principles of Gartley.
Gartley pattern Pattern aka "222"
Gartley pattern "222" named after a book by H.m. page by digitally.
Gartley, Pofits in the Stock Market. Gartley pattern is a pattern that consists of
ABCD basic patterns which we have discussed earlier, but added with the highest or lowest level.
Now, this pattern is commonly formed when a correction from an overall trend and look like the letter "M" (or "W" on a bearish pattern). This pattern is used to help traders find a good point to take a position and follow/into the trend.
Gartley pattern formed when prices are in a trend of good uptrend as well as downtrend, but already gives the sign of a correction will appear.
What makes the Gartley pattern into the right set-up when formed point reversal, a Fibonacci retracement and the Fibonacci level extension. This provides a strong indication that the price might be …show more content…
AB.
Characteristics of this pattern include:
1. AB should of. 786 retracement from XA.
2. BC could. 382 or. 886 retracement of AB.
3. If a retracement of BC is. 382 from AB, then the CD must of 1,618 extension of BC. And if BC is. 886 from AB, then the CD must be added 2,618 from BC.
4. The CD must of 1.27 or 1,618 extension from XA.
3. STEP TRADING PRICE PATTERNS HARMONIOUS
Below are the stages on the harmonious patterns:
-Step 1: search for the potential of a harmonious pattern
-Step 2: measure the potential for harmonious pattern
-Step 3: Buy or sell on a harmonious pattern formed with 3 basic stages, you can get great opportunities that can help you to get profit.
Let's see more!
Step 1: search for the potential of a harmonious pattern
Wow, the picture looks like a harmonious pattern of potential! At this time we not sure what kind of patterns that exist in the image above. Such a pattern of threedrive, but could also bat pattern or crab.
Step 2: measure the potential for harmonious pattern
Use Fibonacci tools, sebuaj pens, and a piece of paper, let's take note of our observations.
1. BC of retracement from 618. AB.
2. A CD of 1,272 extension of