Key Characteristics of the Bearish Gartley Pattern:
Initial Move (XA): The price movement starts with a significant bullish move from point X to point A.
Retracement (AB): The price then retraces from point A to point B, typically retracing 61.8% of the XA move.
Extension (BC): Following the AB retracement, the price moves again in the direction of the initial XA move to point C, which is typically 38.2% to 88.6% of the AB move.
Correction (CD): Finally, the price makes another move from point C to point D, which is an extension of 127.2% to 161.8% of the BC move. Point D is usually at the 78.6% retracement of the XA leg.
Chart PatternsHarmonic PatternsTrend Analysis

Penafian