Although the pattern is named “The Gartley,” the book did not discuss specific Fibonacci retracements! It was not until “The Harmonic Trader” was released that the specific retracements of the B point at a .618 and the D point at a .786 were assigned to the pattern.
There are others who have assigned Fibonacci retracements to this framework. However, they use a variety of Fibonacci numbers at the B and D points. Despite these variations, 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. Read more about the pattern at this link: The Great Gartley Controversy.
Indicators for МТ4: ZUP,KorHarmonics.
