1hr
chartpattern
long
optionstrading
trendanalysis
tsla
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Trend Switch to the upside. Price made a uptrend move. Price made higher high and higher low.
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Thesis: If price makes a lower high, and doesn’t go above previous high, and starts making a lower low. Will enter a PUT trade.
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Tesla broke out of 4-hour consolidation to the upside. Buyers gained control. Waited for pullback on 1-hour which happened. Entered long position when Higher High started. Currently in long term trade Stop-loss set at 1% NASDAQ:TSLA
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