Quick Look at IWM

 This symmetrical triangle in the IWM would normally be taken as a consolidation/continuation pattern, meaning a break below would set up the next leg lower which is usually about the same size as the previous leg that preceded the triangle.

These tend to make for good head fake moves because traders' reaction to them are predictable, a break below and they short and a break above they tend to buy as a failed price pattern usually means you should reverse your position , at least in Technical Analysis dogma.

The 1 min chart looks pretty decent intraday in the area of the triangle...

As does the 2 min chart.

However there's not too much after that, I'm not taking any trade based on a 2 min chart, but I suspect it's there for a reason , likely to further the cause (building this base out larger) or a less likely (because of the FX situation in USD/JPY), it could be a dead cat bounce and that's it.