Technical analysis by BullBearInsights about Symbol GOOGLX on 8/3/2025

GOOGL Holding at Support — Will Buyers Step In or Breakdown Continue? 📉 Technical Analysis (1H Chart) * Price Action:
GOOGL is consolidating just above the 187.50 key support zone after a strong downtrend from late July highs. Sellers remain in control, but momentum is showing early signs of cooling off. * Structure:
The trend is still bearish with lower highs and lower lows intact. The current range between 187.50 (support) and 191.00 (resistance) will dictate the next move. * Volume:
Recent selling pressure has been heavy but is starting to normalize, suggesting possible short-term stabilization before the next major move. * Indicators & Confluence: * CHoCH/BOS: Bearish structure break confirmed, but price is retesting minor resistance. * Channel: Price remains inside a downtrend channel, rejecting near the midline. * FVG Zones: An unfilled gap exists above near 191–192, which could act as a short-term magnet if bulls push. GEX (Gamma Exposure) & Options Flow Insight * Gamma Walls: * Upside resistance: 192.50 → 197.85 (Highest call wall & gamma wall). * Downside support: 187.50 → 184.50 (Put wall and HVL zone). * Current Sentiment: * Call positioning is light compared to puts, indicating a defensive stance. * Gamma positioning suggests muted upside momentum unless 192.50 is reclaimed. Trade Setups Bullish Scenario * Trigger: Break & close above 191.00, ideally on volume. * Entry: 191.20–192.00 * Target 1: 194.50 * Target 2: 197.85 * Stop Loss: Below 189.00 * Options Idea: Short-term call spread targeting 194–195. Bearish Scenario * Trigger: Breakdown below 187.50 support. * Entry: 187.30–187.00 * Target 1: 185.00 * Target 2: 184.50–182.00 * Stop Loss: Above 189.00 * Options Idea: Buy puts targeting 185 or put spread for 182. Directional Bias: Bearish-to-neutral until price decisively clears 191.00 or loses 187.50.
Intraday Focus: Watch for a retest/rejection at 191.00–192.00 or breakdown under 187.50.