 Welcome back to another edition where you get to pick our brains to know exactly what happened and why we decided to go into a play. And this one is nothing else than Tesla after earnings two days after we were looking at the chart. And we always tell you about support and resistance line, how you should have many lines drawn in your chart. And this one to sorry 626 ish is something that was, you know, long ago. If you look at here, you know, this wick is hitting very close. Again, here, here, there's the bounce on it and then open under. But then it became a logo, you know, it didn't want to cross, didn't want to cross. You know, it comes from down here, but you know, it doesn't want to cross it bumps its head and then whoop, it becomes bullish above it. It did the opposite, right? You're here doesn't want to get through and here doesn't want to come down. So we have a situation where we had earnings, a bump, it came down to hitting the line and it never went through it. What happens is we have, and we've talked about this in previous videos, we have a bunch of people that are kind of bearish here because they don't want to cross the line to get to the other crowd above the line. Now, this is the new crowd, right? And this is the people, these are the people that you're after. You want to buy from the bottom of these guys to the top of these guys, at least, because if you break under this, you're entering this crowd. So basically, you're looking at a situation where, let me zoom in a little here, you're looking at a situation where if we get under the yellow line, the yellow line, we might go further down. And as we were getting tighter, see here, basically, we're not finding buyers at a higher point. We were about to do it here, but no, projected it. So basically it's getting tighter and you've seen this before, you know, call it a pennant or a flag, whatever. Basically what it means, we have people willing to buy at the bottom, they don't want any further than this. And they still find the same people here, but they start selling a little lower, still the same people buying at the same spot. But no, it just, you see how this getting tight and tight and tight and as soon as you get above it. Well, we were talking about the crowd that is under, but now we're not looking at a crowd above this line. No, we're looking at the crowd above this falling line. So basically as soon as we entered the line above it, now it became very, very bullish. So this is a pattern where when you have something that is very, a pattern that is tightening just like this. See, it's like a triangle, it's getting tighter and tighter. Eventually it has nowhere to go and it just pops above it. Now, we took at the bottom here, we took a position for 750, so it's pretty high. 750 we bought time, it's mid-August, we bought time on that. And we bought it for 335 and we sold half our position as we reached 678, which was an old line that we had in the chart. So the idea is, and we sold half our position at a little over 100% and I keep saying this, when you take out your initial investment, the rest of the runners are running for free. So whatever happens, you're not going red on display. So things to remember is this, I mean we could have gone, when we took the play here, we could have gone like this tighter for days before popping out. And we could have broken under, that's when you exit, that's the exit strategy. But the idea was to get bullish and today we got some bullish news from the government saying that we, well, things that we knew in advance, but things, nothing new. But when they say it out loud about how many cars are going to be sold, electrical cars need to be sold in such and such years. I mean, targets that they print out, they bring out today are hard to set for the years to come. But nonetheless, this was bullish enough for us to pop on the day. So like I said, look at old, this was an old resistance line that got broken. And now it's getting used, it's support, it's getting tighter, and then it pops above. But the idea is to buy at the bottom of this triangle, don't buy while you could have bought here, but make sure as soon as it starts to turn down, could have bought there again, but then it becomes kind of a channel, see if the channel is lower, then the idea is that it's getting your chances of getting success on a tighter channel are less than impressive. So the idea is to have time on your hand and later on be able to see this pop as soon as we get good news coming out. So I hope this helps. You see that it's a recap on many things that we have seen before, support resistance and selling partial when you're at least 100%. So stay with us and thanks for watching.