Once upon a time, there was a super-savvy trader, h 100%cashbackforex name was Harold McKinley Gartley (HaroldMcKinleyGartley) in the mid-1930s, Gartley opened a stock advisory services company, the company followers In Gartleys view, he was eventually able to address the two main concerns of traders: what to buy and when to buy. It did not take long for traders to realize that these cashbackforexs could cashback forex applied to other markets as well. The Gartley 222 pattern was first introduced by Gartley in 1935 and is described on page 222 of his book Profitsinthestockmarket, hence the name Gartley222Pattern. The Gartley pattern contains the A forexcashbackeasyD pattern we have already talked about, but with an additional distinct high or low point. The key to avoiding this confusion is to strictly follow the step-by-step process. In any case, a Galilee pattern consists of a bullish or bearish ABCD pattern, but with an additional X point in addition to the ABCD pattern. X, A, B, C, D special position relationship between XA leg is the largest price movement trend in the Gali pattern perfect Gali pattern has the following characteristics: 1, the location of the B point should reach the 61.8% Fibonacci forex cashback easy of the XA movement interval; 2, BC retracement position is either 38.2% of the AB movement interval or 88.6% Fibonacci retracement; 3, if the BC retracement position is 38.2% retracement of the AB movement interval, then the CD position should be 127.2% retracement of the BC movement interval, and if the BC retracement is 88.6% retracement of the AB movement interval, then the CD should be 161.8% retracement of the BC movement interval; 4. The movement cashbackforexpip of the CD should be 78.6% Fibonacci retracement of the XA movement interval Animal Patterns As time went on, the Gali pattern became more and more popular, and people eventually concluded more variants of the pattern based on the Gali pattern For some odd reason, the discoverers of these variants named these patterns after animals, probably because these patterns are somewhat similar to the animals in question The following are the relevant animal patterns: Crab pattern In 2000, Scott Carney ( Scott Carney, a strong advocate of harmonic price patterns, discovered the crab pattern. In his opinion, the crab pattern is the most accurate of all the harmonic patterns because it measures the level of the potential reversal zone, which is usually the 161.8% extension of the XA. The perfect crab pattern must have the following characteristics: 1) AB must reach 38.2% or 61.8% Fibonacci retracement of XA; 2) BC movement target is either 38.2% or 88.6% Fibonacci retracement of AB; 3) If BC reaches 38.2% retracement of AB, then CD movement target should be 224.0% extension of BC accordingly. If BC reaches the 88.6% retracement level of AB, then the CD movement target should be the 361.8% extension of BC; 4. CD should be the 161.8% extension of XA Bat Pattern By 2001, Carney discovered another harmonic pattern that he called the Bat Pattern In the Bat Pattern, the potential reversal range is the 88.6% Fibonacci retracement level of XA Bat pattern has the following characteristics: 1. The AB running target should be the 38.2% or 50.0% retracement level of XA; 2. The BC running target is the 38.2% or 88.6% retracement level of AB; 3. If the BC running target is the 38.2% retracement level of AB, then the CD running target should be the 161.8% extension level of BC correspondingly, if the BC running target is the 88.6% retracement level, then the CD running target should be BCs 261.8% extension level; 4. CD running target should be XAs 88.6% retracement level Butterfly pattern Finally, lets understand the butterfly pattern The founder of the butterfly pattern is Bryce Gilmore (BryceGilmore) In the perfect butterfly pattern, ABs retracement target is XAs 78.6% The butterfly pattern has the following characteristics: 1. The retracement target of AB should be 78.6% of XA; 2. The running target of BC is 38.2% or 88.6% of AB; 3. If the retracement target of BC is 38.2% of AB, then the running target of CD should be 161.8% of BC at the extension level accordingly, if the retracement target of BC is 88.6% of AB, then the running target of CD running target should be 261.8% of BC; 4. CDs target should be 127.0% or 161.8% extension of XA