Thursday, November 8, 2012

Chart pattern trading /gartley pattrn

Gartley chart pattern:

it is consist of five limb
First limb , is the direction of major trend
Last limb(fifth limb) is along with major trend
The rest three limb is ABC correction


It is applicbale to all type of chart pattrn.

 See the picture below



How to trade with chart pattern:
Here outer trend line will be intacts, Inner trend line may break
Fibbos angle in strong support or resistance61.8%,76,84%

Types of  gartley pattern, Bullish and Bearish



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