Following on from my previous post a while back1. After the VN...

Following on from my previous post a while back

1. After the VN high rejection price came back to the node low and had a weak bounce
2. Break to the downside
3a. Tested the bearish AVWAP hand off from the last rejection expecting more downside.
3b. Bullish rejection from AVWAP low
4. Price came back for a rejection a second time
5. Price got stuck on the node low. I used my bonus options cash to buy here at .78 instead.
6. Price closed above the bearish AVWAP and held above a second day showing a willingness to continue.
7. Rejection from the all time VWAP for a lower time frame retest of the node high before continuation higher. I was 50/50 on whether it was rejection or retest here due to the repeating pattern of spike, anchor, sell off on the way down the last couple years.

From here I'm watching the next node above ($1.64 and $2.22ish) for reaction points, as well as the VWAP anchored at the ATH (not pictured). My bullish AVWAPs may come into play again later, but right now they aren't useful in this price action. If the FOMO or whatever is driving price can continue a bit longer I'd like to see price head into the next node and hold above $1.64.