PANW Butterfly Pattern. Bearish until 102 and then Bullish

PANW is forming a Butterfly harmonic pattern. The 1.272 XA extension perfectly aligns with the 61.8% fib retracement of the entire bullish move.

Potential reversal zone is 102-101. PANW will gravitate towards 102-101 area first (That aligns with long term 61.8 fib) and then will bounce back to $116 and then 126 before earnings.