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# Gartley Pattern

AnalyticsTrade Team Last updated on 1 May 2023

# Gartley Pattern

The Gartley Pattern is a chart pattern used in technical analysis to identify potential reversals in the market. It is based on the Fibonacci sequence, which is a series of numbers where each number is the sum of the two preceding numbers. The Gartley Pattern is a combination of Fibonacci retracements and extensions, and is used to identify potential buy and sell points in the market. The pattern is named after H.M. Gartley, who wrote about it in his book, Profits in the Stock Market.

## History of the Gartley Pattern

The Gartley Pattern was first described by H.M. Gartley in his book, Profits in the Stock Market, which was published in 1935. Gartley wrote about the pattern as a way to identify potential reversals in the market. Since then, the pattern has been used by traders to identify potential buy and sell points in the market. The pattern is based on the Fibonacci sequence, which is a series of numbers where each number is the sum of the two preceding numbers.

## Comparison Table

Pattern Fibonacci Retracement Fibonacci Extension
Gartley 61.8% 127.2%
Butterfly 78.6% 161.8%
Crab 61.8% 161.8%

## Summary

The Gartley Pattern is a chart pattern used in technical analysis to identify potential reversals in the market. It is based on the Fibonacci sequence, which is a series of numbers where each number is the sum of the two preceding numbers. The Gartley Pattern is a combination of Fibonacci retracements and extensions, and is used to identify potential buy and sell points in the market. For more information about the Gartley Pattern, you can visit websites such as Investopedia, TradingView, and StockCharts.

• Fibonacci Retracement
• Fibonacci Extension
• Butterfly Pattern
• Crab Pattern
• Double Top Pattern
• Double Bottom Pattern
• Triple Top Pattern
• Triple Bottom Pattern
• Cup and Handle Pattern