$GOOGL Is Green, But I’m Still Waiting for the Setup
$Alphabet(GOOGL)$ moved higher with $SPDR S&P 500 ETF Trust(SPY)$ and $Invesco QQQ(QQQ)$ today, but I’m still staying out.
The level I care about is $344.50.
That lines up with the key one-hour swing high. Until $GOOGL breaks above it and holds, the one-hour structure remains bearish with lower highs and lower lows.
A clean reclaim of $344.50 would change that picture and could open the door to a short-term breakout. 📈
But I’m still more interested in an entry closer to $305.
Why?
Because I have multiple setups on my radar, and I don’t need to chase every green day.
A stock moving higher doesn’t automatically make it a good entry.
I want three things to line up:
🎯 Structure
🛡️ Defined risk
💰 Good entry location
Until those pieces come together, I’m happy to wait.
$GOOGL can keep running without me. I’d rather miss part of the move than force a trade that doesn’t fit my plan.
$344.50 is the confirmation level. $305 remains my preferred entry.
Patience is still the position. 👀📊
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