What is the "Gartley Pattern"?

The Gartley pattern is one of the popular types of price models used in technical analysis to predict market movements. This pattern consists of four points: XA, AB, BC, and CD, which form a specific shape resembling the letter "M" or "W". For the pattern to be effective, each ratio between the levels must meet predefined standards. By using the Gartley pattern, traders try to identify potential reversal points on the chart and optimize their trades based on price behavior.