🧠 GEX Sentiment Breakdown (Options Insights):
From the GEX data:
* GEX is green with 3 bullish signals ✅
* Call flow dominance at 21.3%, showing stronger bullish participation
* IVR: 37.1 — implying slightly elevated premium conditions, which benefits directional plays
* Key Levels:
* $180 → Major Call Wall (profit-taking & resistance)
* $177.5 → 3rd Call Wall (possible stall zone)
* $175 → 2nd Call Wall, currently being tested
* $172.5 → HVL + GEX Support, critical for bulls to defend
* $170 → Next GEX flip zone
💡 Trade Bias from GEX: → BUY CALLS if price reclaims and holds above $175 with momentum → Avoid CALLS if it rejects $175 and drops under $172.5 — at that point, PUTs become viable
📉 1H Price Action (Intraday Game Plan):
Based on the second chart:
* GOOGL is consolidating just below a recent CHoCH zone (change of character), forming a tight range under a bearish breaker block at $176–$178
* Trendline from June breakout was broken and is now acting as dynamic resistance
* If $175.80–176.20 gets rejected again, we may see a move down to test $172.50 or deeper into demand zone near $170–$168
📊 Intraday Setup Ideas:
🔼 Bullish Setup (CALLS):
* Entry: Above $176.20 with strong volume
* Target: $178 → $180 (Gamma Wall & resistance)
* Stop: Below $174.80
* Best if IV stays stable and GEX remains bullish
🔽 Bearish Setup (PUTS):
* Entry: Rejection at $176 → enter short or PUTs below $174.50
* Target: $172.35 → $170
* Stop: Above $176.50
* Confirmation if GEX flips or if IV spikes and GEX green dots disappear
🎯 My Thoughts: This is a tricky zone. GOOGL is sandwiched between resistance at $176 and support at $172.5. GEX flow supports buying CALLs on strength, but price needs to break above $176 to make that valid. Watch for any gap open or strong push with volume for confirmation. If the market stays weak, don’t chase CALLs blindly — the safer play is fading into $170.
Disclaimer: This breakdown is for educational use only — not financial advice. Trade at your own risk, manage position sizing, and stay disciplined.
From the GEX data:
* GEX is green with 3 bullish signals ✅
* Call flow dominance at 21.3%, showing stronger bullish participation
* IVR: 37.1 — implying slightly elevated premium conditions, which benefits directional plays
* Key Levels:
* $180 → Major Call Wall (profit-taking & resistance)
* $177.5 → 3rd Call Wall (possible stall zone)
* $175 → 2nd Call Wall, currently being tested
* $172.5 → HVL + GEX Support, critical for bulls to defend
* $170 → Next GEX flip zone
💡 Trade Bias from GEX: → BUY CALLS if price reclaims and holds above $175 with momentum → Avoid CALLS if it rejects $175 and drops under $172.5 — at that point, PUTs become viable
📉 1H Price Action (Intraday Game Plan):
Based on the second chart:
* GOOGL is consolidating just below a recent CHoCH zone (change of character), forming a tight range under a bearish breaker block at $176–$178
* Trendline from June breakout was broken and is now acting as dynamic resistance
* If $175.80–176.20 gets rejected again, we may see a move down to test $172.50 or deeper into demand zone near $170–$168
📊 Intraday Setup Ideas:
🔼 Bullish Setup (CALLS):
* Entry: Above $176.20 with strong volume
* Target: $178 → $180 (Gamma Wall & resistance)
* Stop: Below $174.80
* Best if IV stays stable and GEX remains bullish
🔽 Bearish Setup (PUTS):
* Entry: Rejection at $176 → enter short or PUTs below $174.50
* Target: $172.35 → $170
* Stop: Above $176.50
* Confirmation if GEX flips or if IV spikes and GEX green dots disappear
🎯 My Thoughts: This is a tricky zone. GOOGL is sandwiched between resistance at $176 and support at $172.5. GEX flow supports buying CALLs on strength, but price needs to break above $176 to make that valid. Watch for any gap open or strong push with volume for confirmation. If the market stays weak, don’t chase CALLs blindly — the safer play is fading into $170.
Disclaimer: This breakdown is for educational use only — not financial advice. Trade at your own risk, manage position sizing, and stay disciplined.
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.