RAC - Charts & Price Action, page-17784

Price has still been finding rejection at the VWAP anchored at the last major high. I added another AVWAP at the same point but with a high setting (AVWAP-H). This forms more of a channel like with the SD setting which I had on previous charts.

The good news about these AVWAP rejections is that they can act like a coil and if they break you can get a decent pop out of them. Bear in mind (so to speak) we're not out of the woods with this move down so a pop is all it may be before it resets and repeats, but ideally with good Sheba results it will give it the push needed to finally start turning the ship.

Some nice support put in at the VN low, so we now finally have a base to work with. Currently in a range, but we've got to start somewhere. For being in a range it's not a horrible place to be sitting on the AVWAP-low with expected positive news.

I'll remove the DT AVWAP I had in place after this post. I'm more interested in AVWAPs when they're rejecting price, not with price oscillating around it.

Overall, I'm seeing some optimistic indecision. Over to you, Sheba.