テクニカル分析

The Bullish Gartley Pattern

What is a Bullish Gartley Pattern?

  • First introduced in 1935 by trader H.M. Gartley in his book, “Profits in the Stock Market”
  • Contains an bullish ABCD pattern preceded by a significant high or low (point X)
  • A visual, geometric price/time pattern comprised of 4 consecutive price swings, or trends—looks somewhat like an “M” on price chart.
  • A leading indicator that helps determine where & when to enter a long (buy) position, or where to exit a short (sell) position.
Bearish Gartley Pattern

Why are Bullish Gartley Patterns important?

  • Helps identify higher probability buying opportunities in any market (forex, stocks, futures, etc.), on any timeframe (intraday, swing, position).
  • Reflects convergence of Fibonacci retracement and extension levels at point D suggesting stronger level of support, thus higher probability for market reversal.
  • X-to-A ideally moves in the direction of the overall trend, in which case the move from A-to-D reflects a short-term correction of established uptrend.
  • May also indicate trend reversal when found near bottom of downtrend channel, or as a reaction coming of significant support at point X.
  • May provide a more favorable risk vs. reward ratio, especially when trading with the overall trend.

So how do I find one?

Each turning point (X, A, B, C, and D) represents a significant high or significant low on a price chart. These points define four consecutive price swings, or trends, which make up each of the four pattern “legs.” These are referred to as the XA leg, AB leg, the BC leg, and the CD leg.

Bullish Gartlety Pattern Chart 1

Bearish Gartley Pattern Rules (sell at point D)

Bearish Gartley Pattern Rules
  1. Swing down from point A-to-D will typically be 61.8% or 78.6% retracement of XA
    1. Must be valid ABCD pattern observed in move from A-to-D
  2. Time from XA and AD ideally in ratio and proportion
  3. Limited instances where ABCD move completes at 100% of XA (double bottom)
    1. Time of XA and AD should be equal for “true” double bottom
  4. Pattern failure (price moves beyond point X) may indicate continuation move
    1. Price may move down to at least 127.2% or 161.8% of X to A move

30min AUD/JPY

Bullish Gartlety Pattern Chart 2

1hr NZD/USD

Bullish Gartlety Pattern Chart 3

15min USD/CAD

Bullish Gartlety Pattern Chart 4

30min GBP/USD

Bullish Gartlety Pattern Chart 5

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