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Today we take a look at TWLO on the 5 minute chart. We see that it has had a strong open and Clay’s alert states to ‘not chase.’ We identify an ideal entry point based on its activity near a key moving average. We see that we get a nice entry just above that average and some members have mitigated in the first candle. We get another large wick down that fills most everyone who missed it in the previous candle. The chart then reverses toward highs and now we focus on managing a winning trade. Depending on what method people use, after about 30 minutes everyone has stopped out. We then poll the room for who would cancel their order if it did not trigger in the initial move down or leave it there for another chance at entry. Clay identifies what he defines as a bounce or a pause/consolidation.