Experiment Gartley Pattern on WTI Crude Oil - 1H chart
Rules: 1. AB strictly fall between range 0.618 - 0.768 retracement of XA 2. C point terminated between range 0.618 - 1 retracement of AB leg. 3. C cannot cross A level 4. D (Very Important) - Should be between 0.618 - 1 retracement of XA leg. However, I used Fibonacci Extension and pick D at 1.272 which is very close to "1" and very safe to "Short" from this point.
Safe to SHORT with low Stop Loss range.
Higher Profit/Loss ratio
Things to remember when trading
* Wait for the perfect setup. Patient Patient Patient. * Don't use "Hard Stop". Use "Soft Stop" * Use have to willing to lose when you trade * Don't go too big * Don't over trade. Find a perfect setup and stick to it.