Quick AAPL update based on the 1-hour charts, highlighting key reversal zones and Gamma Exposure (GEX) for options.
📈 Technical Analysis (TA):
* AAPL is currently testing a small green reversal zone around $220–$221, indicating potential bullish exhaustion.
* Recently established higher highs (HH) and higher lows (HL) suggest bullish momentum, but caution at current reversal zones is advised.
* Significant support identified in the red reversal zone at $208–$210; a strong area for buyers to step in if prices pull back.
* A Change of Character (CHoCh) observed at both red and green reversal zones confirms their importance for price action decisions.
📊 GEX & Options Insights:
* Strongest CALL resistance and highest positive NET GEX sit clearly at $225. Watch carefully for bullish confirmation.
* Solid PUT support noted at $210, aligning neatly with the red reversal zone—key downside protection.
* IV Rank moderate at 38.1%, suggesting balanced opportunities for debit and credit spread strategies.
* PUT sentiment currently at 9.2%, pointing to prevailing bullish sentiment but requires caution due to proximity to reversal levels.
💡 Trade Recommendations:
* Bullish Scenario: Look for a clear break above $221. Target $225, leveraging calls strategically. Stops recommended below $218.
* Bearish Scenario: Observe closely for rejection signals at $220–$221; consider puts targeting the lower reversal zone around $210.
* Neutral Approach: Moderate IV provides good conditions for Iron Condors or credit spreads between clear boundaries ($210–$225).
🛑 Risk Management: Keep your stops disciplined and your position sizes controlled, especially at these critical decision points.
Stay cautious and trade responsibly!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
📈 Technical Analysis (TA):
* AAPL is currently testing a small green reversal zone around $220–$221, indicating potential bullish exhaustion.
* Recently established higher highs (HH) and higher lows (HL) suggest bullish momentum, but caution at current reversal zones is advised.
* Significant support identified in the red reversal zone at $208–$210; a strong area for buyers to step in if prices pull back.
* A Change of Character (CHoCh) observed at both red and green reversal zones confirms their importance for price action decisions.
📊 GEX & Options Insights:
* Strongest CALL resistance and highest positive NET GEX sit clearly at $225. Watch carefully for bullish confirmation.
* Solid PUT support noted at $210, aligning neatly with the red reversal zone—key downside protection.
* IV Rank moderate at 38.1%, suggesting balanced opportunities for debit and credit spread strategies.
* PUT sentiment currently at 9.2%, pointing to prevailing bullish sentiment but requires caution due to proximity to reversal levels.
💡 Trade Recommendations:
* Bullish Scenario: Look for a clear break above $221. Target $225, leveraging calls strategically. Stops recommended below $218.
* Bearish Scenario: Observe closely for rejection signals at $220–$221; consider puts targeting the lower reversal zone around $210.
* Neutral Approach: Moderate IV provides good conditions for Iron Condors or credit spreads between clear boundaries ($210–$225).
🛑 Risk Management: Keep your stops disciplined and your position sizes controlled, especially at these critical decision points.
Stay cautious and trade responsibly!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.