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Bearish Pattern
Bearish Pattern

At point B, the price again makes a smaller impulse opposite to that of A. Ideally, the retracement BC should be between 61.8% and 78.6% of the AB price range, regardless of the the length of the lines. This percentage is shown by segment AC. At C, the price again makes a reversal impulse opposite to that of B. In this pattern, again as stated by Fibonacci ratios, the retracement CD should be between 127% and 161.8% of the range BC, and this proportion is shown along the line BD.

Gartley Metatrader Indicator

Gartley Metatrader Indicator
Gartley Metatrader Indicator
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Price D is the optimal point for buying or selling. At entry D the target retracement to a higher price is initially 61.8% of the range of segment CD. The movement from point D to its next point is extremely profitable. Moves from point D are very quick and powerful, and they follow this model accurately 60% or more of the time.

Here are the key points to remember for Gartleys:

  • Ideally, AB equals CD in time length.

  • Point D is a 62-72% pullback from XA.

  • XD should ideally be 78.6% of the segment range XA.

  • Ideally CD equals AB.

  • Take action at point D.

The condition in which these patterns can be found depends on whether they are bullish or bearish:

  • Bullish Gartleys occur in uptrends.

  • Bearish Gartleys occur in downtrends.

Figure 6 demonstrates the bullish Gartley at work. And Figure 7 shows the bearish Gartley:

Gartley Reversal Auto Metatrader Indicator
Gartley Reversal Auto.rar
compressed file archive 2.0 KB


Both of these channeling techniques provide traders with a reliable way to locate breakout points and determine their scope. When using these patterns in conjunction with basic channeling rules, traders have access to a reliable and extremely versatile trading system to use in any market conditions.



Fx Elliott Wave Metatrader Indicator
FX ElliotWave.rar
compressed file archive 3.2 KB
The Gartley Pattern
Compressed Archive in ZIP Format 12.0 MB

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Comments: 1
  • #1

    mustafa (Sunday, 05 February 2017 23:15)