📊 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.
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.
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.