AMZN Launches Out of Trap Zone! Will Gamma Push Us to 245+ or Fakeout from Supply?
๐ GEX & Options Flow Insight (1st Image Analysis)
AMZN broke out aggressively from a coil and is now trading at $237.50, right under the Gamma Wall and 2nd Call Wall. Gamma positioning shows bullish momentum potential, but current price is sitting just beneath the highest resistance zone.
* Call Walls & Resistance:
* โ $237.50โ240.00 โ 2nd Call Wall (66.63%) and Gamma Wall
* ๐ $245โ247.5 โ GEX8 / GEX7 โ Final gamma expansion ceiling
* Put Support Zone:
* ๐ก๏ธ $231.01โ230.31 โ Immediate bounce zone
* ๐ป $225 / 222.18 โ 3rd PUT Wall and true gamma defense layer
* Strong PUT flow at ~217.5 โ Risk level for breakdown
* Volatility Insight:
* IVR: 21.4, IVx Avg: 45.4 โ Normal volatility, not overly juiced
* Call flow only 11.3% = moderate bullish, not euphoric
* GEX status: ๐ข๐ข๐ข โ Full bullish gamma support
โ Option Trading Suggestion:
Bias: Bullish continuation above 234.00, but cautious at 237.50โ240โจStrategy: Debit Call Spread (conservative)
* Entry Idea: Buy 235C / Sell 240C (Aug 2 or Aug 9 expiry)
* Invalidation: Rejection below 233.20 or bearish engulfing under 231
* Target: 240 โ 245 zone on squeeze
Why this works: Gamma positioning is stacked toward the upside and dealers are likely still short calls. Price just reclaimed the entire prior range โ breakout traders are being trapped if this stalls under 238. If bulls stay above 234.72, a move toward 245 is likely.
๐ง Technical Analysis (1H Chart) (2nd Image Analysis)
Market Structure & SMC:
* โ CHoCH โ BOS โ 2nd CHoCH โ strong BOS confirmed with todayโs breakout
* ๐ Price ripped out of descending wedge + liquidity trap below 230
* Purple Supply Zone (237.5โ240) now in play as potential final resistance
Trendline Analysis:
* Long-term wedge broken to the upside
* Channel upper bound rising into 240โ245 zone
SMC Zones:
* ๐ฉ Demand / OB Zone: 230.00โ231.01 โ Major flip zone
* ๐ฅ Supply Zone (Purple Box): 237.50โ240.00 โ If rejected, will trap late bulls
๐ Price Action & Key Levels
* Support:
* โ 234.00โ234.72 โ Local structure support
* โ 231.01โ230.31 โ Flip zone and invalidation level
* ๐ป 222.18 โ 3rd PUT Wall โ downside defense
* Resistance:
* ๐ฉ 237.5โ240.00 โ Gamma Wall and supply resistance
* ๐ 245.00โ247.50 โ Final GEX extension zone
๐งญ Scalping / Intraday Trade Setup
๐ฉ Bullish Setup:
* Entry: 234.50โ235.50 (on retest)
* Target 1: 238.00
* Target 2: 240.00 โ 245.00 extension
* Stop: Under 231.00 (invalidation)
๐ฅ Bearish Pullback Setup:
* Entry: Rejection at 237.50โ238.00
* Target 1: 234.00
* Target 2: 231.50
* Stop: Close above 240
๐ Summary Thoughts
* AMZN printed a clean breakout with volume, reclaiming full structure from CHoCH.
* GEX layout supports bullish continuation with targets toward 245 if 238โ240 breaks.
* Price is in the final squeeze zone โ gamma momentum + dealer hedging = fuel.
* Caution for late bulls: if AMZN stalls here and breaks under 233, itโll retrace fast to 230โ228.
๐จ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
๐ GEX & Options Flow Insight (1st Image Analysis)
AMZN broke out aggressively from a coil and is now trading at $237.50, right under the Gamma Wall and 2nd Call Wall. Gamma positioning shows bullish momentum potential, but current price is sitting just beneath the highest resistance zone.
* Call Walls & Resistance:
* โ $237.50โ240.00 โ 2nd Call Wall (66.63%) and Gamma Wall
* ๐ $245โ247.5 โ GEX8 / GEX7 โ Final gamma expansion ceiling
* Put Support Zone:
* ๐ก๏ธ $231.01โ230.31 โ Immediate bounce zone
* ๐ป $225 / 222.18 โ 3rd PUT Wall and true gamma defense layer
* Strong PUT flow at ~217.5 โ Risk level for breakdown
* Volatility Insight:
* IVR: 21.4, IVx Avg: 45.4 โ Normal volatility, not overly juiced
* Call flow only 11.3% = moderate bullish, not euphoric
* GEX status: ๐ข๐ข๐ข โ Full bullish gamma support
โ Option Trading Suggestion:
Bias: Bullish continuation above 234.00, but cautious at 237.50โ240โจStrategy: Debit Call Spread (conservative)
* Entry Idea: Buy 235C / Sell 240C (Aug 2 or Aug 9 expiry)
* Invalidation: Rejection below 233.20 or bearish engulfing under 231
* Target: 240 โ 245 zone on squeeze
Why this works: Gamma positioning is stacked toward the upside and dealers are likely still short calls. Price just reclaimed the entire prior range โ breakout traders are being trapped if this stalls under 238. If bulls stay above 234.72, a move toward 245 is likely.
๐ง Technical Analysis (1H Chart) (2nd Image Analysis)
Market Structure & SMC:
* โ CHoCH โ BOS โ 2nd CHoCH โ strong BOS confirmed with todayโs breakout
* ๐ Price ripped out of descending wedge + liquidity trap below 230
* Purple Supply Zone (237.5โ240) now in play as potential final resistance
Trendline Analysis:
* Long-term wedge broken to the upside
* Channel upper bound rising into 240โ245 zone
SMC Zones:
* ๐ฉ Demand / OB Zone: 230.00โ231.01 โ Major flip zone
* ๐ฅ Supply Zone (Purple Box): 237.50โ240.00 โ If rejected, will trap late bulls
๐ Price Action & Key Levels
* Support:
* โ 234.00โ234.72 โ Local structure support
* โ 231.01โ230.31 โ Flip zone and invalidation level
* ๐ป 222.18 โ 3rd PUT Wall โ downside defense
* Resistance:
* ๐ฉ 237.5โ240.00 โ Gamma Wall and supply resistance
* ๐ 245.00โ247.50 โ Final GEX extension zone
๐งญ Scalping / Intraday Trade Setup
๐ฉ Bullish Setup:
* Entry: 234.50โ235.50 (on retest)
* Target 1: 238.00
* Target 2: 240.00 โ 245.00 extension
* Stop: Under 231.00 (invalidation)
๐ฅ Bearish Pullback Setup:
* Entry: Rejection at 237.50โ238.00
* Target 1: 234.00
* Target 2: 231.50
* Stop: Close above 240
๐ Summary Thoughts
* AMZN printed a clean breakout with volume, reclaiming full structure from CHoCH.
* GEX layout supports bullish continuation with targets toward 245 if 238โ240 breaks.
* Price is in the final squeeze zone โ gamma momentum + dealer hedging = fuel.
* Caution for late bulls: if AMZN stalls here and breaks under 233, itโll retrace fast to 230โ228.
๐จ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
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.