Did you guys see tesla, i mean absolutely insane moves insane. So if you're trading tesla watching tesla, this video is specifically for you, so let's jump right into it. So this is what the four hour chart looks like you can see. We bottomed here about 8.

87. 71 and then we went on a gigantic move all right. So let's rationalize this, we're going to take a look at a 30 day, 30 minute, just because it'll give us a good reference point, so this will help. You understand why we're moving the way we're moving.

All right, so, the other day we came down to our long-term statistical weekly we broke below and then we broke above. This was the same day that the market started to rip. So we basically went down to support dip below support, broke back above support, and let me zoom in you'll see this even more. Let me actually we're going to change this to like a five day.

Five minute it'll be a little easier for us to view all right, so we're gon na go to a five day, five minute, all right, so you can see um. We were below the weekly. Whatever day that was, we broke down, we came back up and once we surpassed the weekly we broke out. That's when the breakout really happened.

You will then see that we have the ghost wick down to here after hours. That's confirming sort of that level and then you'll see we break up. Yesterday we run all the way to the weekly level. Here we break out the weekly, just as we did there.

You see that big breakout that happened. Look ready, see how the market just went. Zinc right there, that's a weekly! You see how the market right here just went, zinc up, that's a weekly! All right! You see how the market pulls back and bounces. That's the re-test of the breakout.

Then you see how the market goes up overnight. To this trend line and has resistance, that was the overnight target, you will most likely see tesla roll down out of the gates today. So today, we're probably going to play tesla, bearish, um, being optimistic about a gap fill and maybe even targeting as low as that weekly level. So another way you could visualize this is.

This has been in an uptrend from like here and we're kind of crossing. That trend now just off our long-term target resistance. We don't have any support on tesla until down here. So if you were going to try to convince me to buy a dip or if you wanted me to put my money on the line, i wouldn't do it until here on the long side or we would have to be breaking out again and where is the Next breakout, the next breakout is in fact the pre-market high, not because it's a pre-market high, but because our statistical target is at 10 30, which is creating the pre-market high, so um yeah, i mean that's really just it.

So you are not long. Tesla anymore, like day trading perspective, unless you are up and over and holding, and then you could say: oh maybe we're getting a flag pattern and it's breaking out okay or vice versa. This rolls over and goes down to our support and reversal long scale. Okay, those are really the two trades right now uh for me on tesla.

All right guys have a good one. Take care.