TSLA HL going forward

Hello Pat, Following the Q2 earnings call, TSLA has had a really rough week. However, today seems to have marked a bottom for the stock (at least temporarily), and so I wonder, if it is time to be on the lookout for a possible Higher Low? What I would also like to ask is what you think is a necessary period between the current low and the new low. Similarly, under what circumstances is HL used? (we had a HL on 3/14, which worked. But most holders would be out following the decline on 4/5 and 4/6).  Kind regards,
Adam