Here's a straightforward breakdown of GOOGL based on the 1-hour chart and GEX insights:
📈 Technical Analysis (TA):
* GOOGL currently hovering within a critical green reversal zone around $167–$168, showing possible bullish exhaustion.
* Recent Break of Structure (BOS) indicates bullish sentiment, but price action within this green reversal zone is critical.
* A strong red reversal zone at $157–$160 indicates robust support below, confirmed by a significant Change of Character (CHoCh).
* Watch closely how GOOGL behaves in the current zone. Any rejection could quickly see a retracement.
📊 GEX & Options Insights:
* Highest positive NET GEX and critical CALL resistance clearly marked at the $170 level, a significant gamma magnet.
* Strong PUT support positioned firmly at $160, aligning closely with the red reversal zone. Essential for downside protection.
* IV Rank moderate at 31.4%, suitable for either debit or credit spread strategies.
* CALL sentiment low at 9.8%, indicating cautiously optimistic sentiment but alertness at reversal zones.
💡 Trade Recommendations:
* Bullish Scenario: On a solid breakout above $168, target the $170 gamma resistance using calls. Maintain tight stops around $165.
* Bearish Scenario: Monitor for rejection signs in the green reversal zone; consider puts targeting lower support at $160.
* Neutral Approach: Given moderate IV, consider balanced credit spreads or Iron Condors between clear support/resistance ($160–$170).
🛑 Risk Management: Always adhere to disciplined risk management, especially near pivotal reversal zones.
Stay alert and trade wisely!
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):
* GOOGL currently hovering within a critical green reversal zone around $167–$168, showing possible bullish exhaustion.
* Recent Break of Structure (BOS) indicates bullish sentiment, but price action within this green reversal zone is critical.
* A strong red reversal zone at $157–$160 indicates robust support below, confirmed by a significant Change of Character (CHoCh).
* Watch closely how GOOGL behaves in the current zone. Any rejection could quickly see a retracement.
📊 GEX & Options Insights:
* Highest positive NET GEX and critical CALL resistance clearly marked at the $170 level, a significant gamma magnet.
* Strong PUT support positioned firmly at $160, aligning closely with the red reversal zone. Essential for downside protection.
* IV Rank moderate at 31.4%, suitable for either debit or credit spread strategies.
* CALL sentiment low at 9.8%, indicating cautiously optimistic sentiment but alertness at reversal zones.
💡 Trade Recommendations:
* Bullish Scenario: On a solid breakout above $168, target the $170 gamma resistance using calls. Maintain tight stops around $165.
* Bearish Scenario: Monitor for rejection signs in the green reversal zone; consider puts targeting lower support at $160.
* Neutral Approach: Given moderate IV, consider balanced credit spreads or Iron Condors between clear support/resistance ($160–$170).
🛑 Risk Management: Always adhere to disciplined risk management, especially near pivotal reversal zones.
Stay alert and trade wisely!
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.