Thread: Reversal and Continuation Gartley pattern

H. M.Gartley defined only 1 proper market position for his pattern – at critical trend reversal point. Pesavento’s “Gartley” (ideal version) or extended “Gartley” happens of course more often and in different market conditions. One of the scenario important from the trading perspective is when the pattern is forming inside wave3. Wave3 inside wave3 is the strongest and most powerful market structure.


We can also observe “Gartley” inside corrections periods when the swing following the pattern would be much smaller.


The point is that we can trade Gartleys (with original reversal position defined more than 70 years ago) and “Gartleys” (meeting Fibonacci equations) forming as trend continuation patterns.





For more info about the Gartley pattern and the confirmation methods see -> Gartley pattern - table of content

Continuation Gartley pattern, another example:
D point is confirmed / pinpointed by the trendline.

DaVinci download link -> Davinci - harmonic trading indicator for MT4