AAPL Testing Crucial Reversal Levels! Breakout or PullbackQuick AAPL update based on the 1-hour charts, highlighting key reversal zones and Gamma Exposure (GEX) for options.
📈 Technical Analysis (TA):
* AAPL is currently testing a small green reversal zone around $220–$221, indicating potential bullish exhaustion.
* Recently established higher highs (HH) and higher lows (HL) suggest bullish momentum, but caution at current reversal zones is advised.
* Significant support identified in the red reversal zone at $208–$210; a strong area for buyers to step in if prices pull back.
* A Change of Character (CHoCh) observed at both red and green reversal zones confirms their importance for price action decisions.
📊 GEX & Options Insights:
* Strongest CALL resistance and highest positive NET GEX sit clearly at $225. Watch carefully for bullish confirmation.
* Solid PUT support noted at $210, aligning neatly with the red reversal zone—key downside protection.
* IV Rank moderate at 38.1%, suggesting balanced opportunities for debit and credit spread strategies.
* PUT sentiment currently at 9.2%, pointing to prevailing bullish sentiment but requires caution due to proximity to reversal levels.
💡 Trade Recommendations:
* Bullish Scenario: Look for a clear break above $221. Target $225, leveraging calls strategically. Stops recommended below $218.
* Bearish Scenario: Observe closely for rejection signals at $220–$221; consider puts targeting the lower reversal zone around $210.
* Neutral Approach: Moderate IV provides good conditions for Iron Condors or credit spreads between clear boundaries ($210–$225).
🛑 Risk Management: Keep your stops disciplined and your position sizes controlled, especially at these critical decision points.
Stay cautious and trade responsibly!
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.
