Let me walk you through what I’m seeing on AMZN right now — because this thing has been quietly setting up, and I’ve got my eyes locked on a few key levels.
🧠 My Current Read on the Chart
From the daily timeframe, AMZN has clearly been in a falling channel since the Feb highs, but recently it’s been trying to base out. Price got a clean breakout of that downtrend, followed by a decent bounce, but the last few candles show we’re kind of stalling right around $185 — that level is acting like a magnetic midpoint.
On the 1H timeframe, it's just consolidating right under the Gamma Wall at $190, bouncing between $185 and $188 for several sessions. That tight price action looks like it's coiling.
MACD on the 1H is slightly turning up but still muted. The Stoch RSI on both timeframes is sitting in the midzone — not screaming momentum yet, but could flip fast with volume.
📊 What GEX and Options Flow Are Telling Me
Now here’s where it gets spicy: GEX levels are stacked. $190 is the highest positive Net GEX zone — that’s our big call resistance, and market makers are most likely short calls there. If price can chew through that level with strength, we could see a fast gamma pop toward $193–195.
Below current levels, $182.5 is the HVL and also lines up with a strong put wall (86%). That’s the real defensive level — if that breaks, it could attract liquidity lower into the $180–$175 zone.
IV rank is low at 27.7, and we’ve got a slight negative IVx trend (-8%), meaning the premiums are getting cheaper — good time to consider debit strategies.
💡 How I’d Play This Personally
1. Bullish case (breakout over $190): I’d look at $190/$195 call debit spreads, especially with 3–10 DTE, keeping it defined risk while targeting that gamma extension.
2. Choppy zone (stuck between $185–$190): I’m on watch mode. I wouldn’t touch directional plays unless I see a breakout or breakdown. Theta decay will eat you up in this range.
3. Bearish flush (lose $182.5): I’d grab some quick puts targeting $177–$175, but only if we get momentum + a weak market. That zone opens the door for downside liquidity.
🧭 Final Thoughts
AMZN’s been under the radar while everyone watches AI names, but I think this thing is about to make a move — it’s just a matter of whether the breakout gets the volume push. Personally, I’m waiting for that clean trigger over $190 with some momentum before jumping in.
Keep your levels tight, watch that GEX wall, and don’t chase the chop. Let the setup come to you.
This is not financial advice, just how I’m looking at it based on my system and experience. Trade smart. 🙏
🧠 My Current Read on the Chart
From the daily timeframe, AMZN has clearly been in a falling channel since the Feb highs, but recently it’s been trying to base out. Price got a clean breakout of that downtrend, followed by a decent bounce, but the last few candles show we’re kind of stalling right around $185 — that level is acting like a magnetic midpoint.
On the 1H timeframe, it's just consolidating right under the Gamma Wall at $190, bouncing between $185 and $188 for several sessions. That tight price action looks like it's coiling.
MACD on the 1H is slightly turning up but still muted. The Stoch RSI on both timeframes is sitting in the midzone — not screaming momentum yet, but could flip fast with volume.
📊 What GEX and Options Flow Are Telling Me
Now here’s where it gets spicy: GEX levels are stacked. $190 is the highest positive Net GEX zone — that’s our big call resistance, and market makers are most likely short calls there. If price can chew through that level with strength, we could see a fast gamma pop toward $193–195.
Below current levels, $182.5 is the HVL and also lines up with a strong put wall (86%). That’s the real defensive level — if that breaks, it could attract liquidity lower into the $180–$175 zone.
IV rank is low at 27.7, and we’ve got a slight negative IVx trend (-8%), meaning the premiums are getting cheaper — good time to consider debit strategies.
💡 How I’d Play This Personally
1. Bullish case (breakout over $190): I’d look at $190/$195 call debit spreads, especially with 3–10 DTE, keeping it defined risk while targeting that gamma extension.
2. Choppy zone (stuck between $185–$190): I’m on watch mode. I wouldn’t touch directional plays unless I see a breakout or breakdown. Theta decay will eat you up in this range.
3. Bearish flush (lose $182.5): I’d grab some quick puts targeting $177–$175, but only if we get momentum + a weak market. That zone opens the door for downside liquidity.
🧭 Final Thoughts
AMZN’s been under the radar while everyone watches AI names, but I think this thing is about to make a move — it’s just a matter of whether the breakout gets the volume push. Personally, I’m waiting for that clean trigger over $190 with some momentum before jumping in.
Keep your levels tight, watch that GEX wall, and don’t chase the chop. Let the setup come to you.
This is not financial advice, just how I’m looking at it based on my system and experience. Trade smart. 🙏
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.