 Welcome back with us folks tonight. We're showing you why we were okay to chase Tesla when we did and Well, we're going to explain the reasons behind the idea now straight to the point You know as well as I do that Tesla likes to trade around lunchtime And we need to keep an eye on that one and you see this huge volume that started all of a sudden with leaks from Features for the new cars and the Carbol neutral bill that the president wants to Bring out is all promoting this this play So the idea is that one keep an eye out But I was late because basically the whole thing was already rising. I don't really like to catch Catch it when it's rising. It is to catch it when it stores Starts to Come down a little bit. Now. I'm going to give you a tip Don't tell anyone what I like to look for are these things one lunchtime Lunchtime right keep an eye out on this one second There's news and volume news and volume that will promote the play and then Let's do a another thing They move usually you'll see Tesla go like this a little pull back Up a little pull back and a third time. I like to see to be able to get in When it pulls back like this, there is a second and a third push you look for Here if we are breaking through resistance Good chances are that we are going to follow through with the rest of the play so here picking any Strike would have been good. We decided to go on the 1150 They were cheap when we're looking for only a small push Doesn't matter the strike really because you're not really affected by time You have no intention of keeping this for a long period of time What you're doing is, you know, you're trading this Push to the upside if it starts going sideways after that you're no longer in the play What the idea is to just grab the move up the open interest the implied volatility Everything is going to go on Your side so no matter what you pay for the play. It's going to be Very profitable if you manage to sell to the upside So showed you a few things to watch and the reasons why we were okay to chase is this Look at where we hit Right, I'll show you exactly what we hit is this line This was my interest in my interest line Why I was interested in this line and I'll show you let's put it on the one-hour chart and It clearly shows that it used to be and currently is Show you so you guys can clearly see here. It becomes support Now here it becomes support as well here. We were very close to that now This is bang on basically it came here on this line and then here it went up came down So it used as support came down twice on it used as support and this again Used as support so you know that the next time when it goes to get through it and either Rejects it will try to get above it, but if it doesn't it was going to come down So here it flush this idea here is really weird, but you know it flushed through right away and Then you see here. It's trying. It's not making a move above Move back to the five-minute chart same line not touching it So basically here we have a lot of activity on This part here So you see its resistance as soon as we get above that it becomes The move to the upside that we're looking for so why okay to chase Well, we're getting above it at the time. I looked at the chart We're above it now. I'm looking for an entry and we alerted right here, right? It's it's pulling back a little bit now. We're on the five-minute chart, but obviously at that time I'm on the one minute chart. I'm looking for an entry where you know It's going to fall back down a little bit and then obviously it was going to push up When we play like this the idea is to get a fill on the downside not on the upside because What everyone is leaving the boat that's one you want to get in So as soon as we crossed the line I was bullish and It rejected it and then this is a confirmation as soon as we crossed it Now, you know, it's going to move to the upside now. Let's move to the One-minute chart so you guys can see this We are Sorry, I'm getting making you dizzy here There are a lot of candles on the one-minute chart so recap here I See it pop. I See it move to the upside. It's crossing my line So I'm waiting for it to come down, right? And this is where I believe it had found a bottom. You see this this Conjunction of multiple lines here. This is where we bought and we alerted it was precisely 1250 so One this is You know when you look at it, it's coming to this line. It's a Tima. It's the This one is the 50 so it's the 90 ma and the Tima On the 30 line. This is on the one-minute chart. So it gets really really busy But you're looking at it. There's a wick See this wick down the bottom and then It gets to the next the next candle is a little higher. So this is where we bought It's really trying Consolidating it's really really trying so for this moment. Yes, it becomes a little scary Why because if we reject it, it's gonna flush down then the play is lost. I mean, it's not going to It's not going to fly there. It's not going to fly at all However, all this volume here was telling us that something's cooking and something's happening And as soon as we crossed above the line, we're good to go now back to what I was telling you. There's a One shot pullback another shot pullback and Third shot so here again. It's doing the one the first shot we bought in It took a little longer than expected second shot third shot See that right? Let me put this in perspective that you guys can see a little cleaner so Again, there's this little pullback where we try to buy. This is where we bought is So this is the first of the the hook Thing this is the second one and this is the third one. This is where we We need to sell Will it go further? I think so right and it did eventually during the day However, the length that we have we're way out of the money. We want to keep this short short duration people get They they look at the play and they think oh, I want to get in I want to get in and this is when the IV the implied Volatility is there a chance that now? Tesla will go to 1150 The strike that we took when it's trading sideways all day here on a day like Wednesday. Well It might but you know who who wants to pay for that? However, when it's rising quickly, you know in in just a few moments here It took ten dollars, right? So is there a possibility that before expiration it will take it will reach 1150 yes The Chances are higher that we reach that so this is why the IV or implied volatility gets higher as we move towards the towards the strike We bought here 1150 for 115 a dollar 15 per contract and we sold exactly at We alerted the exit at 1334 Which is as soon as it starts to curl down we alerted the exit at 2 208 so This is a good play short play short duration Will it go further? We don't care. We have chased. We entered higher Right, it would have been nice to get into the bottom But what I'm telling you this move to the upside is what you need to look for So I was okay to chase for Many reasons one we broke resistance to we had news enormous amount of volume three I finding the entry on the The EMA conjunction I prefer to have I Prefer to have This kind of indicator, which is my old line that is the old resistance And there's another line that you can look for as your target I'll show you what the target is and I'll put the drawings in This would have been a good target and why I'll show you on the one maybe just a five minute will be enough Yeah, see how this oh the yellow line is the previous resistance and then it's the second resistance on the upside Which is a double bottom you see here on the left We've reached that and we got above that eventually at the end of the day We didn't quite make it there. The idea is to make money on the way up So if you wait until then I'm not sure I would have been that much more profitable because yes, there's decay when we lose time and when we start Going back down. So Also when I say Sport resistance just one last thing, you know, we talked about here breaking above Selling here. Well intraday if you wanted to chase again, we're really close to that that line that I showed you It's coming down to almost that line on support and then they moved up So this could have been another entry one last thing before we go. I want to show you something we If we blow up here, you see all these lines getting Crossing the green line here is the 200 EMA this Other green neon green is the Tima on the 30 length So they're all crossing and when the Tima gets above everyone just like you see here This is where it's crossing right everyone's crossing well and It appears that it's it's about to do something now Let me pause this and I'll show you something really cool Now I've switched you to trading view and this is where we were looking at where everything is crossing, right? Now I'll show you this thing. I've been JTW has been promoting it and lately we've been promoting it as well and check this out Trading view and Neptune alerted Exactly on that line Doesn't matter the the lines or anything alerted way before that big pop. So Kudos to this Neptune and I just wanted to show you guys that you ever need to try something different Maybe give us just send a dm to JTW and I'm sure he's going to be able to fix you up with that. So Remember sometimes it's okay to chase and in this particular case It was all planned and the idea was to Know when to exit as well. So I hope you guys learned something and see you all soon