Trend Switch to the upside. Price made a uptrend move. Price made higher high and higher low.
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.
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