Anatomy of a Successful VWAP Pullback.

Today printed a great example of a buy able pullback to the VWAP within the context of an uptrend.

Let's try to identify the metrics:

Morning Trend Up:
1) Early session value establishes itself above the VWAP.
2) 1st test of VWAP after establishment of value above prints a rejection tail with just a tick or two of rinse.
3) Morning trend is slow and consistent to the upside. VB delta prints mostly green and cumulative delta, Up volume, A/D readings are all in up trends. TICK is in high-momentum mode and printing lots of 800 and 1000 readings.
4) The TICK moving average stays above zero and the cumulative TICK indicator is green and increasing.

Pullback from Range Highs:
1) Weak volume on pullback from range highs. VB deltas don't support increasing selling with no readings printing beyond -6000
2) TICK extremes down fail to print -800 and stay within -600 threshold.
3) The TICK extreme outlier to the downside, tagging -800+, is right at/or near major reference VWAP reversal point.
4) The reversal follow through to the upside is supported with increased volume and VB deltas.