The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. the Fibonacci retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point. Furthermore, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 0.786 XA retracement and the BC projection (either 1.27 or 1.618). The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.
Good morning, Mike
l just want to inform you that there is a bearish gartley formation on the GBP/USD pair. The D point has just consumated at the 61% Fib level ,pivot level and a physical resistance level all happening on the same zone. Right now, l am going with the flow which is a downtrend.
Achoronye Kingsley