Chapter 6. The Gartley Pattern

The Great Gartley Controversy

It is probably the best-known Harmonic pattern in the trading community—the Gartley. Although many have written articles on this pattern, the origins of the Gartley pattern range from erroneous to downright misinformation. H. M. Gartley first outlined the basic structure of this pattern in his book Profits in the Stock Market (Lambert-Gann Publishing, 1935) on page 222. Although contrary to what many have claimed, Gartley was not responsible for assigning Fibonacci ratios to this price structure. In fact, Profits in the Stock Market did not mention anything about Fibonacci ratios in the entire book. I know because I own the book. It’s not in there. I believe it is important to correct ...

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