I play around with fractal patterns from time to time. There is no real method to the madness other than connecting areas of support and resistance. However, if one observes how price behaves, it's pretty incredible how it seems to acknowledge otherwise obscured areas of support and resistance. If we look at the area shaded in yellow, what catches my attention is all the "air" around price with only one firm area of support confluence. The area above price is also full of open air! My observation is that price likes areas of support; price doesn't like uncharted territory. Less fractal support or resistance ='s volatility. My guess from here is that should price intersect the 155 handle in the next few weeks, it should hold -- at least the first time. This isn't meant to be anything other than hypothetical. But I sure do find it interesting...
Good luck, everyone! Feel free to draw in your own and re-post!
Good luck, everyone! Feel free to draw in your own and re-post!