Googl Technical Analysis for Jun 18

GOOGL Hanging by a Thread! Breakdown Below $174.50 Could Trigger a Drop to $171–170 Gamma Zone

🔬 GEX (Options Sentiment) Breakdown:
* Resistance (CALL Walls):
* $177.5 = 2nd CALL Wall
* $180.00 = Highest Positive NET GEX (Gamma Wall)
* $182.5+ = Outer GEX resistance cluster (low odds near-term)
* Support (PUT Zones):
* $172.50 = Current key PUT Support Wall — being tested
* $170.00 = GEX8 and structure support
* $167 = HVL + deep PUT interest floor
* Options Flow Metrics:
* IVR: 19.3 (stable)
* IVx avg: 33.4
* CALL Flow: 16.4% (slightly bullish skew)
* GEX Sentiment: 🟢🟢 (lightly bullish but fragile under $174.50)
* Interpretation:
* Price is compressed right above $172.50 PUT Wall.
* If this support breaks with volume, dealers may de-hedge aggressively, opening a quick drop to $170 or $167.

🧠 15-Min SMC & Price Action Analysis:

* Current Price: $175.29
* Structure:
* CHoCH and BOS confirmations show structure breakdown from supply zone near $177.30
* Several CHoCH levels around $175.50 and $174.50 now acting as short-term resistances
* Demand zone sits between $171.90–$172.50 — last bounce area before flush risk
* Trend/Pattern:
* Breakdown from a broad wedge formation
* Rejection from supply zone (pink box)
* Currently testing major support trendline (drawn from June 13 lows)

🧭 Scenarios for June 18:
🟥 Bearish Breakdown Setup:
* Trigger: Break and 15-min close below $174.50
* Target 1: $172.50 (GEX floor)
* Target 2: $170.00
* Stop-loss: Above $176.50
A flush is likely if market-wide selling continues — this is the most probable scenario given current setup.

🟩 Bullish Reversal Setup (Needs Strong Market Help):
* Trigger: Bounce off $174.50 with reclaim above $176.50
* Target 1: $177.50 (CALL wall)
* Target 2: $180 (Gamma Wall)
* Stop-loss: Below $174.00
Would need a strong tech rally or macro catalyst. Risky unless confirmed by SPY/QQQ bounce.

💭 My Thoughts:
* GOOGL looks weak structurally and is sitting right on top of key PUT support — not a place to go long blindly.
* If $174.50 breaks, it likely attracts momentum sellers and gamma pressure toward $170–171.
* Call flow is light, and IV remains tame — cheap options = opportunity for directional plays.
* Monitor volume spike + candle body close under $174.50 for confirmation.

✅ Summary for June 18:
* Bias: Bearish under $174.50
* Key Breakdown Level: $174.50
* Downside Target: $172.50 → $170.00
* Upside Reversal Target: $177.50 → $180.00
* Setup Confidence: 🔻 High if breakdown confirmed

Disclaimer: This content is for educational use only. Always assess your own risk and trading plan.