How to measure the Gartley harmonic pattern?
Stage 1: Formation of B retracement leg – This leg must form and touch 0.618 retracement only from point X to point A impulsive leg, hitting the next level 0.786 would invalidate the pattern.
Stage 2: Formation of C Impulse leg – Once stage 1 is met, point C would be the next one to form and must be within 0.382 to 0.886 levels of point A to B retracement leg.
Stage 3: Formation of D retracement leg – Gartley pattern must form point D at 0.786 point X to point A retracement. This is where the pattern is considered complete and the levels to execute a trade. Stop losses placed just below point X and targets at 0.382 and 0.618 measuring point A to point D.
GARTLEY | |
XA | Any impulse leg |
B | 0.618 XA |
C | 0.382 – 0.886 AB |
D | 0.786 XA |
Stop loss | Few pips from X |
Take profit | 0.382; 0.618 AD |
Long Trade example
Short Trade example
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