Trend: Short-term bullish channel developing
Price: $157.09
Structure: Price is currently grinding upward inside a rising channel with support around $150 and resistance near $159.50.
Key Support & Resistance Levels:
* 🔽 Support: $150.04 → confluence with lower trendline and previous demand zone
* 🔼 Resistance: $159.51 → upper trendline, testing prior intraday rejection level
Volume: Rising steadily with every test of the lower channel support—buying pressure is evident. RSI: Slight bullish momentum but approaching mid-range (not yet overbought)
🎯 Trade Idea:
* Bullish Scenario: If price breaks and closes above $159.50 with volume, the next leg toward $162–$165 is possible.
* ⚡️ Entry: $158 breakout
* 🎯 Target: $162.50 / $165
* 🛑 Stop: $155
* Bearish Scenario: A breakdown below $155 may trigger a move toward the $150 and $144 zones.
* ⛔️ Entry: Below $154.80
* 🎯 Target: $150 → $144
* 🛑 Stop: $158
🔥 Options GEX & Sentiment Insights
IVR/IVx:
* IVR: 70.6 (elevated, traders are pricing in movement)
* IVx Avg: 58 → implies option prices are above historical norm
Options Flow:
* Puts: 27.1% dominance (moderate hedging activity)
* GEX Bias: Strong Gamma Wall at $157, suggesting price may gravitate toward or stall here unless a breakout occurs.
* Call Walls:
* $160 – Mild resistance
* $162.5 – Potential profit-taking zone
* Put Walls:
* $150 – Strong support area due to GEX negative cluster
* $145–$140 zone – Loaded with high negative GEX: bounce likely if it dips there
⚠️ GEX Highlight:
* The Highest Positive NETGEX is near $157, suggesting market makers prefer pinning price near this zone unless there's a volatility jolt.
💡 Final Thoughts & Strategy
GOOGL is currently in a tight spot where price is climbing within a narrowing channel, and the GEX walls are aligning perfectly around it. It’s a gamma-neutral zone where market makers may suppress volatility short term unless external catalysts break the structure.
Scalp Idea: Use break/retest around $157 or $160 for quick directional trades. Options
Strategy:
* Neutral-to-Bullish: Consider selling a put credit spread above $150 if expecting price to consolidate.
* Directional Call: Buy 0DTE or 2DTE calls if price breaks above $159.50 with volume.
Key Support & Resistance Levels:
* 🔽 Support: $150.04 → confluence with lower trendline and previous demand zone
* 🔼 Resistance: $159.51 → upper trendline, testing prior intraday rejection level
Volume: Rising steadily with every test of the lower channel support—buying pressure is evident. RSI: Slight bullish momentum but approaching mid-range (not yet overbought)
🎯 Trade Idea:
* Bullish Scenario: If price breaks and closes above $159.50 with volume, the next leg toward $162–$165 is possible.
* ⚡️ Entry: $158 breakout
* 🎯 Target: $162.50 / $165
* 🛑 Stop: $155
* Bearish Scenario: A breakdown below $155 may trigger a move toward the $150 and $144 zones.
* ⛔️ Entry: Below $154.80
* 🎯 Target: $150 → $144
* 🛑 Stop: $158
🔥 Options GEX & Sentiment Insights
IVR/IVx:
* IVR: 70.6 (elevated, traders are pricing in movement)
* IVx Avg: 58 → implies option prices are above historical norm
Options Flow:
* Puts: 27.1% dominance (moderate hedging activity)
* GEX Bias: Strong Gamma Wall at $157, suggesting price may gravitate toward or stall here unless a breakout occurs.
* Call Walls:
* $160 – Mild resistance
* $162.5 – Potential profit-taking zone
* Put Walls:
* $150 – Strong support area due to GEX negative cluster
* $145–$140 zone – Loaded with high negative GEX: bounce likely if it dips there
⚠️ GEX Highlight:
* The Highest Positive NETGEX is near $157, suggesting market makers prefer pinning price near this zone unless there's a volatility jolt.
💡 Final Thoughts & Strategy
GOOGL is currently in a tight spot where price is climbing within a narrowing channel, and the GEX walls are aligning perfectly around it. It’s a gamma-neutral zone where market makers may suppress volatility short term unless external catalysts break the structure.
Scalp Idea: Use break/retest around $157 or $160 for quick directional trades. Options
Strategy:
* Neutral-to-Bullish: Consider selling a put credit spread above $150 if expecting price to consolidate.
* Directional Call: Buy 0DTE or 2DTE calls if price breaks above $159.50 with volume.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.