Here is the zone I am watching for GOOGL after the massive gap up. Expecting a pull back into the green box. Prefer to take it long off the bottom of the gap. I have marked the 50% point of the gap as price can easily go there. Below the 50% a gap fill is possible. Need to see a solid lower time frame reversal pattern before entry.
Comment:
I didn't take this yesterday b/c it never reached the bottom of the gap and I was away from my computer. But here is an example of lower time frame entry I could have taken. A double bottom on the 5/15 min. Two possible entries. Usually shoot for at least 1.2 risk to reward for first target. Will watch the bottom of the green box today but market looks weak so best to be careful
