Looking at the Yearly VWAP structures on the daily perspective we can observe a current balanced behavior inside of the previous Year's value close area and Yearly developing value. The market found support around the previous Year's VAL close level to get back into that micro bracket. The bracket got adjusted to the new balanced price range. Simply observing and leaning on the balanced extremes for any absorption patterns would be a good idea.
Moving forward to the weekly VWAP structure we can observe a kind of flat slope with a rotational behavior. Currently, the market tested the VAL level which is confluent with the DVAL with a double bottom - could still be revised and taken out. Same here, observing the balanced extremes for any absorption patterns to conclude the next possible scenario.
(Click on image to enlarge)
(Click on image to enlarge)
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