Gartley patterns & Fib? Need Help

Beginner Questions
1

I’m a bit confused about Gartley and need someone to shed some light on this if possible…

The school mentions that

[I]“Move AB should be the .618 retracement of move XA.
Move BC should be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.272 of move BC. Consquently, if move BC is .886 of move AB, then CD should [B]extend[/B] 1.618 of move BC.
Move CD should be .786 retracement of move XA”[/I]

So I guess they mean [I]they are all Fib[U] retracements[/U] [/I]except the last one (point D) which is calculated using a Fib [U]extension[/U]? If so, how do you draw that extension? (from which point to which point)

Thanks :slight_smile:

2

Yes, D is the extension of B to C. That’s how you pull the fib.