The Gartley Pattern is one of the most traded harmonic patterns and can be applied to many markets and timeframes. It is a 5-point retracement structure that was originally outlined by H.M. Gartley and detailed further by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 0.786 retracement of the primary XA leg, 2) AB=CD pattern and 3) the BC projection is either 1.27 or 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Gartley Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
Bearish Gartley harmonic pattern on 4H chart of Escorts Ltd. SELL around 695.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
As I've written above I'm rather new to harmonics(read 10-15 days) and also realized a mistake that I was making and basically going south from the rules than continuing towards the north. I...
DLF is forming a bearish gartley pattern and may go down. Potential Reversal Zone is between 206-215. Entry can be - Trend line break down or near 207-208 with a stop of 212. Target 1 is around 184.
Bullish Gartley pattern on Daily Chart of EXIDE. BUY around 202-203.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
Bullish Gartley found on 4H Chart of IndusInd Bank. Although BUY was around 1704, I spotted the pattern formation just now. Let's see what happens in this counter. Do not BUY now. This would sit, right in the column of failed trades initiatied via Harmonics. I'll watch out for, if there any more patterns forming on the Chart in different TF(s).
I just started...
Bearish bat pattern on 1H Chart of HCL Tech. Gartley SELL around 1116-1117 levels. Bat SELL around 1120-1122 levels.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
Bullish Gartley & Bat pattern simultaneously on 2H Chart of Lupin. Gartley BUY around 824.5. Bat BUY around 822.85 levels. There are 2 patterns existing here. Let's see how the number(s) game works out here.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
Bearish Gartley Pattern on 4 hour chart of Apollo Tyres. SELL around 222.2 levels.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
DMART (Weekly) | Bullish Gartley (in the making)
CMP: 1358.5 (Red dotted line)
PRZ: 1240 - 1260 (Black lines)
SL: 1225 (Red line)
T1: 1350 | T2: 1420 | T3: 1500
This is purely a positional view as it is in Weekly time frame!
Bullish Gartley on Daily Chart of L&T Finance. BUY around 141 levels.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
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