The Perfect Bullish Gartley

The perfect Bullish Gartley pattern is primarily defined by an exact 0.618 retracement at the B point (see Figure 6.17). Although the ideal price action should test the entire range of the Potential Reversal Zone (PRZ), the minimum AB=CD and the 0.786 XA leg still represent the most important numbers in the completion pattern. The structure should be distinct and possess ideal symmetry. In addition, the AB=CD should be a perfect bullish structure with 0.618 and 1.618 ratios at the respective points. The combination of these elements define a remarkably ideal setup with a particularly critical PRZ. Although these structures are rare, they represent the best alignment of all the Gartley variations.

Figure 6.17.