You own a company and want to know what the price market will look like over a period of a year. You tell your super smart financial guru to crunch numbers and come up with a plan for the future stability of the company. Your accountant then prepares a chart using the Gartley Pattern.
The Gartley Pattern uses Fibonacci ratios to build an idea of the price movements. Fibonacci ratios happen naturally and are used to trace highs and lows of the market. The process will help financial gurus determine an estimate of what price markets will look like over a period of time. You can take this chart and compare it to other charts to see how your company is doing in relation to competitors.