Fractal

The Same Pattern on Different Time Frames

Where are the new buyers to keep the IWM climbing?

The answer is that volume is so dry now, that it would appear to us they are not showing up in massive numbers with a positive and confirmative rally: or total and complete follow through

I don't believe this is precisely what is meant to model Head and Shoulders top patterns or if these are "triple tops" but one thing we can reference from prior chart patterns and resolutions is if the buyers can't seem to bring this past the breaking point there would have to be some form of disappointment.  

• These chart patterns draw interesting similarities
• The sellers are acting that precisely 

What will energize the IWM chart higher next week?

• Waning Momentum (highs are becoming relatively lower)
• The overnight gap may be on the side of a near fill or attempt
• What has held historically as resistance on the weekly time frame is still just as relavant on the micro one hour
• The sellers become more invigorated (in some cases) when they can prove the power of holding down a price especially if being able sucessfully block the 160-160.67 zone