WKHS on the 2H chart is showing an ascending megaphone pattern.
Price is currently sitting on the ascending support line and above the POC of the volume profile.
The MACD lines are underneath the histogram while the RSI is in the mid-range.
I see this as a swing long setup targetting first the top of the volume profile
and then the upper resistance trendline The upside is 30 and 50 % respectively
making it a low risk when placing a stop loss at 3.22 the swing low from the beginning
of the week. A xll option trade with a strike of $3.50 for September 16th is also considered.
Price is currently sitting on the ascending support line and above the POC of the volume profile.
The MACD lines are underneath the histogram while the RSI is in the mid-range.
I see this as a swing long setup targetting first the top of the volume profile
and then the upper resistance trendline The upside is 30 and 50 % respectively
making it a low risk when placing a stop loss at 3.22 the swing low from the beginning
of the week. A xll option trade with a strike of $3.50 for September 16th is also considered.