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    Fibonacci Retracement - The Gartley Method (Bullish Ascent) : A C Target

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    Kanna K

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    Fibonacci Retracement - The Gartley Method (Bullish Ascent) : A C Target

    Uploaded by

    Kanna K
    103 views4 pages

    Original Title

    gartley_bullish_bearish.xls

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    103 views4 pages

    Fibonacci Retracement - The Gartley Method (Bullish Ascent) : A C Target

    Uploaded by

    Kanna K

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
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    At a glance
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    The passage discusses the Gartley pattern and method for analyzing bullish and bearish trends using Fibonacci retracement levels.

    The Gartley method analyzes bullish and bearish trends using a pattern of peaks and troughs to identify potential reversal zones based on Fibonacci retracement levels.

    For a bullish trend, the steps are to identify peaks A, B, C, and trough D, then insert the price differences between these points to calculate potential retracement targets based on common Fibonacci ratios like 0.618 and 0.786.

    FIBONACCI RETRACEMENT - THE GARTLEY METHOD (BULLISH ASCENT)

    INSERT VALUES INTO THE LIGHT COLOURED BOXES


    A
    0.618/0.786
    C
    0.618 TARGET INSERT FIGURES FOR X AND A
    X 1.2262 A 1.2368

    B INSERT ACTUAL FIGURE FOR B


    1.27/1.618 A 1.2368 B 1.2328
    0.618
    D INSERT ACTUAL FIGURE FOR C
    0.786 B 1.2328 C 1.2363
    X

    INSERT ACTUAL FIGURE FOR D


    1 2 3 4 5 6 C 1.2363 D 1.2308
    FIBONACCI LEVELS

    0.38 0.50 0.62 0.79 1.27 1.62


    RETRACE TARGETS

    B Leg 1.2328 1.2315 1.2302 1.2285 1.2233 1.2196


    C Leg 1.2343 1.2348 1.2353 1.2359 1.2379 1.2393
    D Leg 1.2350 1.2346 1.2341 1.2335 1.2319 1.2306
    IDEAL TARGET 0.618 1.2329 1.2336 1.2342 1.2351 1.2378 1.2397
    H ASCENT)

    E LIGHT COLOURED BOXES

    RES FOR X AND A


    A-X 0.0106

    AL FIGURE FOR B
    A-B 0.0040

    AL FIGURE FOR C
    B-C 0.0035

    AL FIGURE FOR D
    C-D 0.0055
    FIBONACCI RETRACEMENT - THE GARTLEY METHOD (BEARISH DESCENT)

    X 0.786 INSERT VALUES INTO THE LIGHT COLOURED BOXES


    D

    0.618 B INSERT FIGURES FOR X AND A


    1.27/1.618
    X A

    INSERT ACTUAL FIGURE FOR B


    TARGET
    A 0.0000 B
    0.618
    C
    INSERT ACTUAL FIGURE FOR C
    0.618/0.786 B 0.0000 C
    A
    INSERT ACTUAL FIGURE FOR D
    1 2 3 4 5 6 C 0.0000 D
    FIBONACCI LEVELS

    0.382 0.500 0.618 0.786 1.270 1.618


    RETRACE TARGETS

    B Leg NO DATA NO DATA NO DATA NO DATA NO DATA NO DATA


    C Leg NO DATA NO DATA NO DATA NO DATA NO DATA NO DATA
    D Leg NO DATA NO DATA NO DATA NO DATA NO DATA NO DATA
    IDEAL TARGET 0.618 NO DATA NO DATA NO DATA NO DATA NO DATA NO DATA
    H DESCENT)

    E LIGHT COLOURED BOXES

    RES FOR X AND A


    A-X 0.0000

    AL FIGURE FOR B
    A-B 0.0000

    AL FIGURE FOR C
    B-C 0.0000

    AL FIGURE FOR D
    C-D 0.0000

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