$GOOGL Is Green, But I’m Still Waiting for the Setup

PeterDiCarlo
09-12

$Alphabet(GOOGL)$ 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. 👀📊

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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