The Gartley Pattern is a harmonic chart pattern, based on Fibonacci numbers and ratios, that helps traders identify reaction highs and lows. In his book Profits in the Stock Market, H.M. Gartley laid down the foundation for harmonic chart patterns in. It is a popular trading pattern and used by many successful traders nowadays. The key to identifying this pattern is to look for a reversal to the moving averages on the 1-hour chart. The most important thing to remember about this pattern is that its price movements are not always upwards or downwards.Diagram of Gartley Pattern:-When the market is in an uptrend, it will often retrace the entire previous move before making another attempt at a new high. The opposite holds true for downtrends as well. The Gartley pattern provides traders with a visual guide to the trend direction, making it useful for a more accurate prediction of the market's likely move at any given moment.When trading, traders often experience significant fluctuations in their investments. The Gartley method aids in identifying various points of support and resistance that offer opportunities to make favorable trades. The Gartley pattern is a harmonic chart pattern, based on Fibonacci numbers and ratios, that helps traders identify reaction highs and lows. It's an excellent choice for traders who want to make more informed decisions on when to invest and when to reduce their positions.
