Google (GOOGL) Approaching a Make-or-Break Level!📊 Technical Analysis (TA):
1. Trend & Structure:
* GOOGL remains in a strong downtrend, confirmed by multiple Break of Structure (BOS) signals.
* A recent Change of Character (ChoCH) attempt suggests a possible reversal, but confirmation is needed.
* Key Resistance: ~177-180 (supply zone)
* Support Zone: ~165-167 (high liquidity demand area)
2. Indicators Suggesting a Possible Reversal:
* MACD: Momentum is starting to slow down, and a potential bullish crossover may be forming.
* Stochastic RSI: Oversold conditions suggest a possible short-term bounce.
* Volume Spike: Strong buying volume appearing near support levels indicates institutional interest.
🔹 GEX & Options Flow:
1. Call Walls (Resistance) 🚧
* 177-190: Major resistance levels, likely to reject price on any bounce.
* 200: 3rd Call Wall, where gamma resistance is strong.
2. Put Walls (Support) 🛑
* 160: Highest negative NETGEX, meaning a break below could accelerate a sharp drop.
* 155-150: Next downside targets if 160 fails.
3. IV Rank & Skew:
* IVR 50.5, indicating mid-range volatility.
* IV skew suggests a neutral to slightly bearish bias.
* Calls only 3.2%, confirming put dominance.
📌 Trading Plan & Suggestions:
* Bullish Reversal Scenario:
* If GOOGL holds 165-167, we could see a bounce toward 175-180.
* Ideal trade: March-April 170C or 175C, targeting a reversal.
* Bearish Breakdown Scenario:
* If GOOGL breaks 165, expect a drop toward 160, triggering put-heavy action.
* Ideal Put Play: Buy March-April 165P or 160P targeting 150-160.
⚠️ Key Warning: The next few candles will be critical—watch for bullish confirmation before going long.
🔥 Conclusion: GOOGL Near a Reversal Zone – Watch for Confirmation!
Google is testing a key support area, with indicators showing early signs of a bounce. However, if 165 fails, we could see a sharp drop toward 160-155. The next sessions will determine the trend—stay alert for reversals or breakdowns! 🚀📉
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
