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The pattern you identified in the DOW chart as a Bearish Gartley...

  1. 6,258 Posts.
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    The pattern you identified in the DOW chart as a Bearish Gartley as per Bulkowski's "The Patterns Site" turns out not to be a Bearish Gartley at all. The reason being Point D rises above point X. Therefore as The Pattern Site states, the pattern becomes invalid and therefore should be ignored.
    https://hotcopper.com.au/data/attachments/4013/4013832-e40be907ef5852f72510c7a98060de70.jpg
    BTW this is not the only reason why the identified pattern is not a Bearish Gartley, however it would be superfluous to go any further.
    https://hotcopper.com.au/data/attachments/4013/4013845-c815bd15d0a469b8ea1b4a03edf7a748.jpg
    So keep looking maybe you some other bearish crap or possibly even Bearish Crab you could try for size. However to help you along it's not a Bearish Crab Pattern either!

 
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