Thursday, June 30, 2022

Fibonacci bearish or bullish retracement

 Primary 0.618: Gartley and the Crab, the 0.618 at the B point distinguishes these specific price structures.

The 0.618 retracement—bearish or bullish—is most important in the Gartley pattern. Specifically, the B point of the Gartley must be at a 0.618 retracement.