Breakout above prior day high
This strategy buys TSLA on the 1-hour chart when a candle closes above the prior day's high with volume at least 1.5 times the 20-bar average, then stops under the breakout candle's low and trails with the 9 EMA,...
Market Stocks
Style Breakout
Timeframe Day 15m-1h (1h)
Level Beginner
Tools EMA, Volume
Saved 2 times
Run 1 time Tested
Testing needs market data for this symbol. Past results do not guarantee future results.
The rules
Setup Lane (first to light up) stocks Instrument(s) TSLA Primary timeframe 1 hour
Trigger Pullback definition candle closes above prior day high
Entry Entry trigger candle closes above prior day high on volume at least 1.5 times the 20 bar average
Stop Initial stop under the breakout candle low
Exit Trailing stop method trail with the 9 EMA
Risk Risk per trade 1% Max concurrent positions 2
Strengths Clear entry trigger with a volume filter to confirm breakout strength Defined initial stop below the breakout candle limits loss per trade Trailing with the 9 EMA lets winners run while locking in gains Fixed risk and daily trade cap enforce discipline and capital preservation Risks Breakouts above prior day highs can fail quickly, especially in choppy or news-driven TSLA moves, triggering stops Volume spikes may be one-off events, not sustained momentum, leading to false signals Trailing with the 9 EMA can give back large unrealized gains during sharp pullbacks Max 2 trades a day may force overtrading or missing better setups later Source
Typed into JustWavey.
Version history
Version Saved Changed boxes 1 2026-10-17 First version
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