
Treat this update as an educational post: The classic Gartley pattern has its point D at the 78.6% Fib retracement, and that is where the reaction should normally occur. However, there is one important thing that sometimes happens when point D of this harmonic pattern is forming. Namely: the first reaction appears at the 78.6% Fib (and it is usually small). Then the price continues to the 88.6% Fib, and that is where the proper market reaction takes place (the actual formation of point D). This is exactly what happened in this case. Remember: the Gartley pattern will sometimes try to trick you by placing point D at the 88.6% Fib instead of the classic 78.6%. Tip: A safer target from harmonic patterns is the 38.2% and 61.8% Fib retracement.
