GOOGL Approaching Inflection Point! Will It Hold Above 195 or Break Down to 190? 🚨
GEX Options Sentiment Overview (1H Chart)
GOOGL's current price hovers around $195.30, right under a cluster of heavy Call Walls:
* 197.5 is the 3rd Call Wall (65.53%)
* 200 is the 2nd Call Wall (88.34%)
* 205-210 shows diminishing gamma influence but still has meaningful hedging overhead
Meanwhile, downside Put Support levels are more scattered:
* 190 marked as HVL and near a GEX neutral zone
* 187.5 sits on PUT Support (-22.57%)
* 180 aligns with the 3rd Put Wall
The GEX magnet appears strongest between 195–197.5, while 190 acts as a gamma floor and volatility trigger if breached. Overall GEX sentiment is neutral-to-bullish short-term, with dealers possibly pinned until a gamma release.
Options Strategy Thoughts:
* Bullish: Consider a short-term debit call spread (195C/200C), targeting a gamma squeeze above 197.5 if market flows support continuation.
* Neutral-leaning-bearish: Sell credit spreads like 200C/205C if GOOGL gets rejected at 197.5 zone and starts to compress below 194.50.
IVR is low at 16.7, while IVx is elevated near 31, suggesting buying premium could still pay off if price breaks key gamma levels fast.
Intraday Technical Analysis (1H Chart)
The 1-hour chart shows clear structure and breakout momentum:
* Break of Structure (BOS) confirmed above 194.70 on July 29
* Strong upside rally retested and held trendline support
* Price is consolidating in a tight box between 194.9–195.5, forming a potential bullish flag/channel
* Fair Value Gap (FVG) has formed near 192.5, unfilled — could serve as liquidity target if price dips
Key Support Levels:
* 194.03 (mid-level retest zone)
* 192.58–190.85 is a demand cluster and previous ChoCH zone
Key Resistance Levels:
* 197.5 is both a key psychological and GEX resistance level
* 200 is strong resistance based on Call Wall and prior swing highs
Price Action Outlook:
* As long as GOOGL holds above 194, the bullish bias remains intact.
* A breakout above 195.50 with volume opens the door toward 197.5 and potentially 200.
* A drop below 194 signals potential pullback to 192.5 or even deeper liquidity sweep toward 190.
My Thoughts for Tuesday's Setup:
* Scalpers: Watch for breakout retest at 194.90–195 zone. A strong 1H candle close above 195.50 with volume confirms scalp-long opportunity to 197.5.
* Swing traders: Risk-to-reward favors long above 194 with stops under 192. Targets: 197.5 → 200.
* Options: If GOOGL rejects 197.5 again, fading with cheap OTM puts targeting 190–192.5 could reward well, especially into August expiration.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk appropriately before trading.
GEX Options Sentiment Overview (1H Chart)
GOOGL's current price hovers around $195.30, right under a cluster of heavy Call Walls:
* 197.5 is the 3rd Call Wall (65.53%)
* 200 is the 2nd Call Wall (88.34%)
* 205-210 shows diminishing gamma influence but still has meaningful hedging overhead
Meanwhile, downside Put Support levels are more scattered:
* 190 marked as HVL and near a GEX neutral zone
* 187.5 sits on PUT Support (-22.57%)
* 180 aligns with the 3rd Put Wall
The GEX magnet appears strongest between 195–197.5, while 190 acts as a gamma floor and volatility trigger if breached. Overall GEX sentiment is neutral-to-bullish short-term, with dealers possibly pinned until a gamma release.
Options Strategy Thoughts:
* Bullish: Consider a short-term debit call spread (195C/200C), targeting a gamma squeeze above 197.5 if market flows support continuation.
* Neutral-leaning-bearish: Sell credit spreads like 200C/205C if GOOGL gets rejected at 197.5 zone and starts to compress below 194.50.
IVR is low at 16.7, while IVx is elevated near 31, suggesting buying premium could still pay off if price breaks key gamma levels fast.
Intraday Technical Analysis (1H Chart)
The 1-hour chart shows clear structure and breakout momentum:
* Break of Structure (BOS) confirmed above 194.70 on July 29
* Strong upside rally retested and held trendline support
* Price is consolidating in a tight box between 194.9–195.5, forming a potential bullish flag/channel
* Fair Value Gap (FVG) has formed near 192.5, unfilled — could serve as liquidity target if price dips
Key Support Levels:
* 194.03 (mid-level retest zone)
* 192.58–190.85 is a demand cluster and previous ChoCH zone
Key Resistance Levels:
* 197.5 is both a key psychological and GEX resistance level
* 200 is strong resistance based on Call Wall and prior swing highs
Price Action Outlook:
* As long as GOOGL holds above 194, the bullish bias remains intact.
* A breakout above 195.50 with volume opens the door toward 197.5 and potentially 200.
* A drop below 194 signals potential pullback to 192.5 or even deeper liquidity sweep toward 190.
My Thoughts for Tuesday's Setup:
* Scalpers: Watch for breakout retest at 194.90–195 zone. A strong 1H candle close above 195.50 with volume confirms scalp-long opportunity to 197.5.
* Swing traders: Risk-to-reward favors long above 194 with stops under 192. Targets: 197.5 → 200.
* Options: If GOOGL rejects 197.5 again, fading with cheap OTM puts targeting 190–192.5 could reward well, especially into August expiration.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk appropriately 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.