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<p id="isPasted">The Gartley pattern is the most common harmonic chart pattern. Harmonic patterns operate on the premise that Fibonacci sequences can be used to build geometric structures, such as breakouts and retracements, in prices. The Fibonacci ratio is common in nature and has become a popular area of focus among technical analysts who use tools like Fibonacci retracements, extensions, fans, clusters, and time zones.</p><div style="box-sizing: border-box; position: relative;" id="isPasted"><div style="box-sizing: border-box; height: 461.6px; overflow: hidden; background: 0px 0px; position: relative; width: 600px; padding-bottom: 0px;" class="forexqa-img-container"><img width="5146" height="3959" data-sizes="750px" alt="Gartley Pattern" data-hi-res-src="https://www.investopedia.com/thmb/L7efxjIsczTNZMRlyWaiTSvM9Mo=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GartleyPattern-5541ce000da34023a20348e5681bbffb.png" data-img-lightbox="true" sizes="750px" srcset="https://www.investopedia.com/thmb/MpbaEe8VGp6fpg3nM_RE5G0iUIc=/750x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GartleyPattern-5541ce000da34023a20348e5681bbffb.png 750w" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1744095336727.png" style="box-sizing: border-box; height: auto; max-width: 100%; background-color: transparent; width: 730px; cursor: zoom-in;" class="fr-fic fr-dii fr-draggable forexqa-img"></div></div><p>Image by Julie Bang © Investopedia 2020</p><p>The Gartley pattern above shows an uptrend from point 0 to point 1 with a price reversal at point 1. Using Fibonacci ratios, the retracement between point 0 and point 2 …</p>