doogsAVB's recently formed a ST uptrend, as defined by the red...

doogs

AVB's recently formed a ST uptrend, as defined by the red channel
but as you can see its steep as all hell so not particularly tenable, but the SP is still hanging in it sitting on the bottom of the channel
also SP sitting on the mid tyne of upfork, which has framed the action well
also, if you zoom in you'll see the SP is sitting precesily on the top of the 17 Oct breakout / high vol bar, the highest vol of the last year or so

so from point of view of VSA, pitchfork, and finally trend channel, the SP is sitting in a stable spot where one would expect support
also supply the past week or so has been very low, which suggests support will hold - remember we need fuel to get through S / R

you'll see I've put in a basic all time fib setup, and you can see its been usefull for S / R

if this current apparently stable position fails, look for support on fib levels or any of the lines below
I wouldn't be hugely concerned if the steep red up channel fails
I'd be concerned if the less steep black channel fails

to the upside, look to the upper tyne of the pitchfork as a target