Master the Gartley Pattern: A Pro’s Guide to Trading Reversals
In this article, I will attempt to quantify its importance in trading. Since this is a bullish Gartley setup, the expected price move is to the upside. For this reason, we would prepare to buy the NZD/USD pair when CD finishes at the 161.8% of BC and the price action bounces upwards. When this happens, we want to go long putting a stop loss below point D as shown on the image. The sketch above shows you the exact location of a properly positioned stop loss order of a bullish Gartley pattern. Access TradingView’s charts, real-time data, and tools, all in one platform. Keep up with market news and trends that may impact price movements and the effectiveness of the Gartley Pattern. Each of these patterns...