Sirius-50 › MSFT (Microsoft Corporation) · 1h
Gartley
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Draw it on TradingView
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- 1.Copy the script and open the chart on TradingView.
- 2.Open the Pine Editor at the bottom, clear it and paste.
- 3.Click "Add to chart"; the drawings appear.
Swing points
| Point | Candle open (UTC) | UTC | Bar # | Price |
|---|---|---|---|---|
| X | Oct 8, 05:30 PM | Oct 8, 05:30 PM | 0 | 518.79 |
| A | Oct 13, 01:30 PM | Oct 13, 01:30 PM | 17 | 551.15 |
| B | Oct 15, 01:30 PM | Oct 15, 01:30 PM | 31 | 531.22 |
| C | Oct 16, 01:30 PM | Oct 16, 01:30 PM | 38 | 543.82 |
| D | Oct 16, 06:30 PM | Oct 16, 06:30 PM | 43 | 524.48 |
| BRK | Oct 19, 01:30 PM | Oct 19, 01:30 PM | 529.04 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- LegOct 8, 05:30 PM · 518.79 → Oct 13, 01:30 PM · 551.15
- LegOct 13, 01:30 PM · 551.15 → Oct 15, 01:30 PM · 531.22
- LegOct 15, 01:30 PM · 531.22 → Oct 16, 01:30 PM · 543.82
- LegOct 16, 01:30 PM · 543.82 → Oct 16, 06:30 PM · 524.48
This pattern's track record
On the 1h chart
72%
Target reached after breakout
- Breakout rate
- 75%
- Reached half the target
- 84%
- Average time to target
- 34.2 h
- Cases
- 54 resolved cases
All timeframes
69%
Target reached after breakout
- Breakout rate
- 75%
- Reached half the target
- 82%
- Average time to target
- 7.1 days
- Cases
- 260 resolved cases
What is this pattern?
AB retraces about 61.8% of XA and D completes at the 78.6% retracement of XA. A reaction from D is expected; classic targets are the 38.2% and 61.8% retracements of AD.
A close beyond point X invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.