The Gartley 222 trading pattern was created by Harold M. Gartley, who first illustrated it in his book “Profits in the Stock Market” (1935). Gartley 222 pattern is reference to the page number on which the discussion about the pattern occurred.
Pages 200-250 of the book display majority of the market patterns ever described. It’s interesting to see how little the technical analysis changed over years.
Mr. Gartley describes the pattern as a retest of an important top or bottom, when market attempts to make a new high and low. It enables to enter in a high probability reversal zone with minimum risk.
For more info about the Gartley pattern and the confirmation methods see -> Gartley pattern - table of content
Last edited by kor4x; 09-02-2012 at 08:22 PM.
Attached article about Barries Hetirachi's-Five Point Pattern - adaptation of the Gartley pattern and Gartley pattern trading strategy. Check it out!