@writer
hey mate, that is anchored vwap, drawn from the low of the candle where the initial impulse move originated.
It has shown initial and follow up support. Interestingly it looks to be heading into an area of confluence with a large volume shelf - also drawn from a significant impulse move (the move out of the consolidation/base).
Expecting some noise here and perhaps a decent fight being put up.
Running discussion on SP, page-5273
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