Analysis for Aug 24

The most basic pattern is the AB=CD. In this pattern, the A to B leg

is the first price move. After a brief retracement from point B to point C, the

pattern will complete the C to D leg, which is the same length as AB.

Simply, after the AB and BC legs have been established, you project the AB

length from point C.

The price legs should be generally symmetrical possessing a

consistent slope. It is important to study the time duration of each leg. The

AB and CD legs should be approximately the same length of time to

complete.

Although this is an ideal situation, the time

duration does not need to be exact. If the price legs are close, the pattern is

still valid

As per the projection AB= 755 points
                               So, D = point C - 755 = 5205-755 = 4450 final tgt