🧠 GEX Breakdown
* Key Gamma Resistance (Call Wall):
* $164.94 → Highest NET positive GEX (Gamma Wall) – Major resistance where market makers start hedging against further upside.
* $167.89 (local high) → aligns with 1st rejection wick.
* $170 → 2nd CALL Wall (67.29%) – max squeeze potential if $165 breaks with volume.
* Call Side Build-up:
* $167 – 20.62%
* $170 – 67.29% Stacked CALL walls above = gamma trap if breached, but tough resistance ahead.
* Put Support Walls:
* $152.50 – Strongest downside gamma support
* $148–149 – Layered 2nd/3rd PUT Wall zone
📊 Options Flow Insights
* IVR: 5.6 (very low) → cheap premiums, low expected move
* IVX avg: 44.1
* Call/Put Bias:
* Calls: 11.8% dominance
* GEX Sentiment: ⚠️ Bearish Reversal Risk (high call saturation at resistance)
✅ Suggested Option Plays (Based on GEX Only)
🔸Bearish Rejection Play
* If NVDA rejects $164.94–$165.20 zone (Gamma + Supply confluence):
* Buy puts targeting $160 or $158
* Trade idea:
* Buy: NVDA 160p (Jul 19 expiry or same week)
* Entry: If price stalls/rejects $164.90–$165.20
* Target: $161 → $158
* Stop: Close above $166.00
🔸Bullish Gamma Squeeze (Only if $165 Breaks Cleanly)
* If price breaks and holds above $165.50 with strength
* Buy calls targeting $170 (2nd CALL Wall)
* Trade idea:
* Buy: NVDA 170c (Jul 19 or 26 expiry)
* Entry: $165.60+ breakout + strong volume
* Target: $169–$170
* Stop: Below $163.80
🕯 1-Hour Chart – Price Action Analysis
Market Structure
* CHoCH → BOS → BOS → creating a clear bullish leg, but current supply box at $165 is rejecting price short term.
* Trendline support: Still holding from July 8 lows
* Liquidity zone: $160.96–$161.10 (first demand zone)
Current Setup
* Price is hovering under supply zone + GEX wall → indicating indecision or potential short-term top
* MACD weakening + volume declining = possible pause or reversal
* Clean higher-low structure still intact for now
🎯 Trade Plan Based on 1H Chart
🟢 Bullish Intraday Plan
* Entry: $161.00–$160.50 demand block
* Confirmation: Bullish engulfing or rejection wick
* Target: $164.94 then $167
* Stop-loss: Below $159.80
🔴 Bearish Intraday Plan
* Entry: $164.90–$165.20 inside supply
* Confirmation: Weakening candle (doji or long wick) + no breakout
* Target: $161.00 then $158.80
* Stop-loss: Above $166.10
✍️ My Thoughts
NVDA is coiling just under a heavy GEX resistance wall. If $165 can't break, downside correction to $161–$158 is probable. GEX suggests sellers may be in control unless bulls force a gamma squeeze over $165. Stay patient — let the levels react.
This breakdown is for educational purposes only and not financial advice. Always manage your risk.
* Key Gamma Resistance (Call Wall):
* $164.94 → Highest NET positive GEX (Gamma Wall) – Major resistance where market makers start hedging against further upside.
* $167.89 (local high) → aligns with 1st rejection wick.
* $170 → 2nd CALL Wall (67.29%) – max squeeze potential if $165 breaks with volume.
* Call Side Build-up:
* $167 – 20.62%
* $170 – 67.29% Stacked CALL walls above = gamma trap if breached, but tough resistance ahead.
* Put Support Walls:
* $152.50 – Strongest downside gamma support
* $148–149 – Layered 2nd/3rd PUT Wall zone
📊 Options Flow Insights
* IVR: 5.6 (very low) → cheap premiums, low expected move
* IVX avg: 44.1
* Call/Put Bias:
* Calls: 11.8% dominance
* GEX Sentiment: ⚠️ Bearish Reversal Risk (high call saturation at resistance)
✅ Suggested Option Plays (Based on GEX Only)
🔸Bearish Rejection Play
* If NVDA rejects $164.94–$165.20 zone (Gamma + Supply confluence):
* Buy puts targeting $160 or $158
* Trade idea:
* Buy: NVDA 160p (Jul 19 expiry or same week)
* Entry: If price stalls/rejects $164.90–$165.20
* Target: $161 → $158
* Stop: Close above $166.00
🔸Bullish Gamma Squeeze (Only if $165 Breaks Cleanly)
* If price breaks and holds above $165.50 with strength
* Buy calls targeting $170 (2nd CALL Wall)
* Trade idea:
* Buy: NVDA 170c (Jul 19 or 26 expiry)
* Entry: $165.60+ breakout + strong volume
* Target: $169–$170
* Stop: Below $163.80
🕯 1-Hour Chart – Price Action Analysis
Market Structure
* CHoCH → BOS → BOS → creating a clear bullish leg, but current supply box at $165 is rejecting price short term.
* Trendline support: Still holding from July 8 lows
* Liquidity zone: $160.96–$161.10 (first demand zone)
Current Setup
* Price is hovering under supply zone + GEX wall → indicating indecision or potential short-term top
* MACD weakening + volume declining = possible pause or reversal
* Clean higher-low structure still intact for now
🎯 Trade Plan Based on 1H Chart
🟢 Bullish Intraday Plan
* Entry: $161.00–$160.50 demand block
* Confirmation: Bullish engulfing or rejection wick
* Target: $164.94 then $167
* Stop-loss: Below $159.80
🔴 Bearish Intraday Plan
* Entry: $164.90–$165.20 inside supply
* Confirmation: Weakening candle (doji or long wick) + no breakout
* Target: $161.00 then $158.80
* Stop-loss: Above $166.10
✍️ My Thoughts
NVDA is coiling just under a heavy GEX resistance wall. If $165 can't break, downside correction to $161–$158 is probable. GEX suggests sellers may be in control unless bulls force a gamma squeeze over $165. Stay patient — let the levels react.
This breakdown is for educational purposes only and not financial advice. 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.