Final answer:
When both a key moving average and VWAP intersect at the same level, it is viewed as a significant indicator that has a high chance of creating a bounce at that level, due to the confluence of indicators suggesting strong support or resistance.
Step-by-step explanation:
If both a key moving average and VWAP (Volume Weighted Average Price) intersect or are at the same level, this technical indicator suggests that the level has a high chance of acting as support or resistance. Technical traders often look at confluence areas where multiple indicators signal the same level as potential support or resistance. This confluence increases the likelihood that the price will react to these levels, either by bouncing off support or pulling back from resistance.
Therefore, the answer to the question is C) High chance. When the question asks whether the level has a high chance of bouncing, it implies that there is a greater consensus among market participants that this price level is significant, which can lead to self-fulfilling price movements as traders place orders around these levels. It's important, however, to keep in mind that while high, the chance is not guaranteed—market conditions can always change, and support or resistance levels may eventually break.