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For Question #1 Read: The ABCD and the Three-Drive The third characteristic of a perfect Gartley pattern is: If the retracement of move BC is .382 of move AB, then CD should be 1.272 of move BC. Consequently, if move BC is .886 of move AB, then CD should extend 1.618 of move BC.
For Question #3 Read: The ABCD and the Three-Drive For both the bullish and bearish versions of the ABCD chart pattern, line BC is called the correction or retracement.
For Question #4 Read:Trading The Gartley Pattern Although Scott Carney was a firm believer in harmonic patterns and discovered both "The Crab" and "The Bat" patterns, no price pattern was named after him.
For Question #5 Read:Trading The Gartley Pattern Gartleys are patterns that include the basic ABCD pattern, but are preceded by a significant high or low.
For Question #6 Read:Trading The Gartley Pattern The whole idea of these patterns is that they help people spot possible retracements of recent trends.
For Question #12 Read: The ABCD and the Three-Drive The Gartley “222” pattern is named for the page number it is found on in H.M. Gartley's book, Profits in the Stock Market.
For Question #13 Read:Trading The Gartley Pattern The Crab is the most accurate among all the harmonic patterns because of how extreme the Potential Reversal Zone (sometimes called “price better reverse or imma gonna lose my shirt” point) from move XA.