GEX Insight (Options Sentiment):
* GOOGL has strong positive GEX zones between 170–175, showing Gamma resistance walls from 2nd and 3rd CALL levels.
* Price is currently trading around 167, close to the highest positive NET GEX / Gamma Wall, meaning market makers are likely to defend this zone.
* With PUT support far below at 160, there’s limited downside gamma pressure short-term.
* IVR is at 26.5 with increasing CALL flow (16.5%) and positive GEX skew — all signs lean toward a potential upside squeeze.
✅ Trade Idea (Options Bias):
Consider a short-dated CALL option targeting the 170–175 zone if price breaks above 168 with momentum.
* You can buy 06/28 or 07/05 170c or 172.5c contracts on breakout confirmation.
Trading Plan Based on Price Action (1H Chart SMC):
Current Zone: Price is consolidating just above a reclaimed order block (green box) after a Change of Character (CHoCH) and small Break of Structure (BOS). We’re hovering near key resistance.
Bullish Case:
* If price holds above 165–166 support zone and breaks the small CHoCH zone at ~168, this opens a move toward 172.5 then 177.3.
* Ideal entry: Above 168.2 (confirmed BOS), with stop near 164.
* Target 1: 172.5
* Target 2: 177.3
Bearish Rejection?
* If price fails to hold above 165, and we break below 162, this confirms rejection from Gamma resistance. Look for PUTs only under 160.
My Thoughts:
GOOGL is attempting a shift in trend structure. GEX data is favoring a push higher, and Smart Money seems to be accumulating just below the Gamma Wall. If buyers show up with volume on the breakout — this could be a clean ride to 172+. But don’t get trapped — wait for the structure break and volume to kick in.
This is not financial advice. Just ideas to help sharpen your view. Always manage your risk. 🧠📈
* GOOGL has strong positive GEX zones between 170–175, showing Gamma resistance walls from 2nd and 3rd CALL levels.
* Price is currently trading around 167, close to the highest positive NET GEX / Gamma Wall, meaning market makers are likely to defend this zone.
* With PUT support far below at 160, there’s limited downside gamma pressure short-term.
* IVR is at 26.5 with increasing CALL flow (16.5%) and positive GEX skew — all signs lean toward a potential upside squeeze.
✅ Trade Idea (Options Bias):
Consider a short-dated CALL option targeting the 170–175 zone if price breaks above 168 with momentum.
* You can buy 06/28 or 07/05 170c or 172.5c contracts on breakout confirmation.
Trading Plan Based on Price Action (1H Chart SMC):
Current Zone: Price is consolidating just above a reclaimed order block (green box) after a Change of Character (CHoCH) and small Break of Structure (BOS). We’re hovering near key resistance.
Bullish Case:
* If price holds above 165–166 support zone and breaks the small CHoCH zone at ~168, this opens a move toward 172.5 then 177.3.
* Ideal entry: Above 168.2 (confirmed BOS), with stop near 164.
* Target 1: 172.5
* Target 2: 177.3
Bearish Rejection?
* If price fails to hold above 165, and we break below 162, this confirms rejection from Gamma resistance. Look for PUTs only under 160.
My Thoughts:
GOOGL is attempting a shift in trend structure. GEX data is favoring a push higher, and Smart Money seems to be accumulating just below the Gamma Wall. If buyers show up with volume on the breakout — this could be a clean ride to 172+. But don’t get trapped — wait for the structure break and volume to kick in.
This is not financial advice. Just ideas to help sharpen your view. Always manage your risk. 🧠📈
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.