Gartley Pattern, the Gartley is a trend continuation pattern first identified in 1935. Bearish Bat Pattern, a bearish bat pattern starts with a strong i want to know more about forex trade XA leg lower followed by two wave correction higher which terminates at the.886 Fibonacci retracement of the XA leg. A trend continuation pattern that was discovered by Gartley in 1935. It is similar to a 5-0 pattern but without the D leg and constraints. A.618 retracement at the C point results in.618 BC projection. A.786 retracement at the C point results in.27 projection to point. The Gartley is a trend continuation pattern first identified in 1935.
The pattern starts with a downtrend which comes to exhaustion and draws zigzag like corrective movements. The BC leg is a bullish reversal that extends between.618 and.24 of the AB leg followed by a CD leg that retraces 50 of the BC leg and is equal in length to the AB leg and is the buy entry. The CD leg terminates.13 of the XA leg. As with the abcd pattern it works well when each leg starts at a Fibonacci retracement of the previous leg, completes at a precise Fibonacci ratio projection (either.13,.27.618) and there is time and price symmetry in each of the legs. Bullish Bat Pattern, a bullish bat pattern starts with a strong XA leg higher followed by two wave correction lower which terminates at the.886 Fibonacci retracement of the XA leg. In a bearish crab a bearish reversal is retraced between.382.618, followed by a dip BC and then a CD that is a 161.8 extension of the XA leg and is also a extension of the AB leg. Bearish 5-0 Pattern, a trend continuation pattern that provides an entry after a major reversal. The Point C reversal zone entry point is either.886.13 of the 0-X initial leg.
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The first pattern was discovered by HM Gartley in 1935 and current harmonic patterns come from the work of Bryce Gilmour and Scott Carney who ascribed precise mathematical ratios to define the structures. Note: Whilst the Gartley and abcd pattern were first described in a book in 1935, and the Butterfly pattern was discovered by Bryce Gilmore, all the pattern descriptions and measurements here are as described in Scott Carneys books on Harmonic Patterns which we consider the. The deep crab uses the.886 retracement at the B point (unlike the regular crab that that utilizes.382-0.618). Bullish Crab Pattern, the crab pattern is another pattern where the reversal point D is beyond the X start point of the pattern. Bearish Shark Pattern, this new pattern is designed to identify a trend change rather than a retracement entry to an existing trend following a failed impulse AB wave.
Bullish Butterfly Pattern, a bullish butterfly pattern starts with a strong XA leg higher followed by a leg lower to the.786 retracement, a BC leg bounce, then an extended CD leg lower that exceeds X starting point. Fibonacci ratio retracement and expansion tools are used to narrow down very precise reversal levels.
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