The main rules of a gartley are as follows from profitF.com
The main rules of the Bullish and Bearish Gartley are as follows:
AB must retrace 61.8% of the XA leg
BC can retrace between 38.2% – 88.6% of AB
CD can be an extension of 1.272% – 1.618% of AB
CD can also be a retracement of up to 78.6% of XA leg
The point D is known as the PRZ or Potential Reversal Zone
From Point D, a trade can be entered with stops at or above (below) the price point at X.
I've played the stop loss and target 1 at the correct levels as well.
The main rules of the Bullish and Bearish Gartley are as follows:
AB must retrace 61.8% of the XA leg
BC can retrace between 38.2% – 88.6% of AB
CD can be an extension of 1.272% – 1.618% of AB
CD can also be a retracement of up to 78.6% of XA leg
The point D is known as the PRZ or Potential Reversal Zone
From Point D, a trade can be entered with stops at or above (below) the price point at X.
I've played the stop loss and target 1 at the correct levels as well.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.