Gartley Pattern Example - GBP/USD - 15-MIN. Chart

Gartley pattern example, GBP/USD - 15-min. chart with Fibonacci profit target levels.  The retracement and extension levels are identified also.  The AB leg retracement of the run down from X to A is 56.8% (close to 61.8% Fib. retracement level).  The AD leg retracement of the XA leg is 82% (close to 78.6% Fib. level).  The BC leg retraced about 52.1% of the AB leg (close to the 50.0% Fib. level).  See the books "Trade What You See, How to Profit from Pattern Recognition" - Larry Pesavento & Leslie Jouflas and "Harmonic Trading, Vols. 1 & 2" - Scott M. Carney