ZBZ13 is in the works of harmonic patterns and the initial observation suggests the recent bounce into 135’19 is indeed a shallow bounce.  One of the great benefits of understanding harmonic patterns is that even though that bounce was shallow, it is in an emerging pattern that, if validated, will have much higher targets for the completion.

The line in the sand or level that will either validate the brown pattern or invalidate it is 128’13, if price breaks down there, there is a larger green pattern that has completion targets 125’05 or 118’26.

If price holds above 128’13, then the initial important resistance target is 135’19, above there has 145’03, 149’21 and 158’26.

So to put it simply, as long as 128’13 is not breached even by a tick, there are higher levels calling by way of a Bat or Crab and a hold below 128’13 there are lower levels calling by way of a Garfly and Crab.