Bearish AB=CD harmonic pattern. Banknifty spot should reach 26270 levels in next 2 weeks if 24590 is not broken on closing basis. Expecting a fall from around 26270 which will eventually break recent swing low.
AB=CD is a reversal pattern. It helps you identify when the price is about to change direction. With this pattern you can buy when prices are low and about to rise, or sell when they are high but about to fall.