$AVID Weekly.

7 Mar 2021

Those two anchored VWAPs are telling us many things. Supply acting like a magnet now that a 5 wave to the upside has been completed and we've begun a retrace from that. Last week's tick touched the golden ratio at .618. On the daily, the candle looks more like a hammer. The weekly could do with another bullish set of days to clear the short term cloud EMA and use it as support, as it did last Friday. If the pullback isn't over, then price will most likely meet the nearest VWAP.