 Happy Thanksgiving folks! This is not Barry White tonight giving you this video on the Tesla Play that we played on Wednesday. No, it's your guru with a big cold. However, I'm sure I can manage to give you a little idea of what I saw on this Tesla Play on Wednesday and I'll probably walk you step-by-step exactly what I was looking for and how I usually organize my play while I'm doing it. So, let's look at this. Let's move out here for a second. This is the one minute chart. This is one minute chart when it opens on Tesla and if you look at the ticker it's falling down at the open and when you look at this you cannot have an idea about whether it's going to pop or not. There's nothing looking at this here telling you, hey, I'm gonna go in for calls because that will be a shot in the dark. You have no idea whether it's going up or down. However, what I'm about to show you is probably one of my favorite setups and it's a setup that we have covered before. Look back in a lot of videos. We've showed you this before and I hope it can be in your toolbox. So, as I was saying, looking at this cannot tell you to go in or not and the idea is to be prepared to what if it goes to a certain line. So, let's zoom out of here. I'll put this on a five minute just so you guys can see it clearly. This was the previous day. Previous day was just a tiny little bit higher at the, you know, it's very close to 162 ish or something and this was the low of the previous day. It popped, it bounced, it bounced on something, it popped, it came down a little higher. So, this becomes a higher low. Tesla really likes higher lows. When you see a higher low on Tesla, usually, I mean, usually it will rise afterwards. Now, if it had tested a little lower than, let me just clear here, this is the low. If it had tested a little lower, I would have passed. I would have said, okay, let's forget about it. But what we're talking about here is to look at what happened on previous day and look what happened on previous day was this. It became a little higher. So, to me, this is bullish, right? We're starting rising afterwards. And then at the open, it started tanking. Where to? Well, pretty darn close to where we were at the, on the previous day. So, this becomes support, right? Now is the time to zoom in and see what's happened. Let's shift this to the one minute again, because literally, when the market opens, I don't know about you, but you know, if you want to scout, you're not on the 15 minute chart. You're looking at something a little on a shorter time frame. So, this is the open on Wednesday morning. So, this is how it opened. We are opening, moving down, moving down to 1062. Then it started rising. And when this is happening, you have this wick, which is a higher low. And then it started bouncing. Now, this is when I started to be interested, because of what? Because this line was set from the previous day. I had an alert on the low of the previous day. I wasn't looking at the Tesla chart at that time. I was only looking at something else. And when this alerted, oh, Tesla is breaking the low of the previous day. What is it doing? So, I pulled up the chart. And this is what I saw. I see Tesla bouncing pretty much very close to what the low of the previous day was. It's bouncing up, creating a higher low. Now, what if it does this and then it falls? This can happen. So, we need to be prepared ahead of time to know where's the next support on the way down. So, this is all happening within, let's say, one minute. So, I shift to the one hour chart. I look for support. Zoom out. Okay, here it is. You see that this was support. The yellow line is the same one we were watching before. So, this acted as resistance and then it became support. Lost it. So, it's telling you that for a good period of time, this was support. An area where there was congestion. So, you have a few factors coming in here. We have the previous support. I'm still in a one minute chart here. I have the previous support on a previous day. A higher low and then moving up. Same thing here. Support from previous day and then we saw a higher low. Of course, it can wait forever to see if it's going to provide another higher low or something. But I was under the impression that soon after the bell, it's 942. Zooming in on this. Sorry about the Barry White voice, folks. I'm getting over it. But in fact, I'll tell you honestly, I would like to keep the Barry White voice, but I want to lose the cold. So, this we're bouncing moving up. And this is where I got interested. I was looking at the one hour chart to see support. If we ever start to fall any later, and then we bounce from here. I mean, this is a split second decision, right? And I alerted right here believing that we would probably start rising higher. I alerted the 1150 calls. I'll show you that why in a moment. And I believe this was $3.35 for the 1150. And we alerted that at 942. 942, we alerted the 335, which is exactly there. Why? Showed you before. Support from previous day. There was support on this line on the previous day. And a higher love. Now, target. I said, we're going to 1120 target. Now, why? How did this come to my mind? And why did I pick the 1150? Look at this. I'll move up to the five minute again. Like I said, it's always split second. Where are we going? Where are we going? Is this first area? Is where the other support is started taking came to support, started rising, lost support. And then it became resistance. So this is an area of interest. So you've got that 113. Yeah, 113. But in the pre-market, there was an area where we had a little spike. And where this was, you can believe me, 1120. And the other area of interest has a little higher. And it's this one here. See, where it, sorry about that. Here, that area is 1140 ish, 44, I believe. You know, it started bouncing. So old support here is, and here's old support becomes old resistance. So if we go through all these lines, you know, this first one, this second one, and we reach this 1144, will be pretty darn close to be in the money at 1150. Plus, 1150 are 335. If we look closer to the money, let's say 1120, they would have been a lot more expensive. And I didn't feel like spending $800 and $900 per contract on a play on Friday. So I believe that 335 was a reasonable price to pay for something that was possible to get to 1150. I'm not saying we're going to get there, but I came very quickly with the assumption that we would at least rise to the pre-market resistance. Pre-market is where people were willing to buy. And now this is only a few hours later. I mean, this, this happened at the beginning of the day on Wednesday. So a few hours later, do you think a lot of things have changed? I don't think so. So let's move out of here and I'll show you. 1120, and I'll put the cursor right on it. See? This is the line that I had in mind, right? So this is my target. Pre-market activity. We've shown you this before and it's still happening. So we alerted here and exited exactly on the line at 1120. Pretty close to what we had targeted. But we don't have to be in the money and make money. That's a good thing. We alerted here at 1150 at 335 and we exited right here only in minutes because this was 1002 and we were looking at 960 for a very respectable, and I will write this here, 187% in what? 20 minutes? Precisely 20 minutes. So it's just a matter of setting up an alert from the previous day. It popped up. You know that support is holding high or low and your target doesn't have to be a moon. It's just here. Pre-market activity. It's not going to cross it before it starts to see resistance. See what it did? It tested, it tested. I'll show you something else, right? We showed you this support line before. You know the 113 line, right? Where it started, sorry, it started tanking here to support, right? And then it moved. Now the resistance. Now let's get back to what happened. See? Now it's doing the same thing. Bouncing. This is like a magnet, right? So obviously when you look at it afterwards it looks like magic. However, if you are prepared ahead of time and you know it's going to look similar to that, you plan ahead the entry and when you enter you know where you're exiting. I hope I make it sound super easy with this voice. It's really nice and I hope you guys are learning. So thank you for watching and I'll share more in time comes when the time comes. So make sure to subscribe and like if you guys are learning. Have a good one, folks.