Gartley Pattern

What is a Gartley pattern?
- A visual, geometric price/time pattern comprised of 4 consecutive price swings, or trends-it looks like a skewed “W” or "M" on price chart.
- Contains an ABCD pattern preceded by a swing high or swing low.

- First introduced in 1935 by trader H.M. Gartley in his book, “Profits in the Stock Market.” Specific pattern characteristics including Fibonacci price/time ratios applied by veteran trader Larry Pesavento in his book, "Fibonacci Ratios With Pattern Recognition."
Why is the Gartley pattern important?
- Helps identify trading opportunities in any market (forex, stocks, futures, etc.), on any timeframe (intraday, swing, position), and in any market condition (bullish, bearish, or range-bound markets)
-Reflects convergence of Fibonacci retracement and extension levels at point D, thus indicating a higher probability pattern
-Acts as a leading indicator helping to determine approximately where & when to enter and exit a trade