August 13, 2017
If you are a technical analyst of trading, you will hear about Gartley 222.
H M Gartley (Source: Photo taken from Internet)
Who’s Gartley?
Harold McKinley Gartley 1899 to 1972
H M Gartley published almost 500 pages Profits in the Stock Market in 1935. The book was sold less than 1000 copies. The book is today technical analysis classic and a collector’s item. Profits in the Stock Market was sold much less than his training course, H M Gartley’s course was selling for $1500 in 1935.
Harold McKinley Gartley covers a number of different patterns, but one pattern he spends more time than the rest of the patterns. This is the famous Gartley “222” pattern, this particular pattern discussed in great detail on page 222, this how it gets the name. Today at time is referred to as the Gartley pattern.
Gartley 222 Figure 27
H M Gartley 222 Pattern
H M Gartley Contribution
H M Gartley 222 pattern offers the trader an opportunity to trade retracement entry into the trend at a low risk trading entry and with quantified risk levels.
This is important to note that most traders will not trades at exact tops and bottoms but the Gartley pattern offers the trader a retracement entry into the trend at low risk entry with quantified risk levels.