AMZN Launches Out of Trap Zone! What's next on Jul 31Amazon.com, Inc.BATS:AMZNBullBearInsightsAMZN Launches Out of Trap Zone! Will Gamma Push Us to 245+ or Fakeout from Supply? 🔍 GEX & Options Flow Insight (1st Image Analysis) AMZN broke out aggressively from a coil and is now trading at $237.50, right under the Gamma Wall and 2nd Call Wall. Gamma positioning shows bullish momentum potential, but current price is sitting just beneath the highest resistance zone. * Call Walls & Resistance: * ✅ $237.50–240.00 → 2nd Call Wall (66.63%) and Gamma Wall * 📍 $245–247.5 → GEX8 / GEX7 → Final gamma expansion ceiling * Put Support Zone: * 🛡️ $231.01–230.31 → Immediate bounce zone * 🔻 $225 / 222.18 → 3rd PUT Wall and true gamma defense layer * Strong PUT flow at ~217.5 → Risk level for breakdown * Volatility Insight: * IVR: 21.4, IVx Avg: 45.4 → Normal volatility, not overly juiced * Call flow only 11.3% = moderate bullish, not euphoric * GEX status: 🟢🟢🟢 → Full bullish gamma support ✅ Option Trading Suggestion: Bias: Bullish continuation above 234.00, but cautious at 237.50–240 Strategy: Debit Call Spread (conservative) * Entry Idea: Buy 235C / Sell 240C (Aug 2 or Aug 9 expiry) * Invalidation: Rejection below 233.20 or bearish engulfing under 231 * Target: 240 → 245 zone on squeeze Why this works: Gamma positioning is stacked toward the upside and dealers are likely still short calls. Price just reclaimed the entire prior range — breakout traders are being trapped if this stalls under 238. If bulls stay above 234.72, a move toward 245 is likely. 🧠 Technical Analysis (1H Chart) (2nd Image Analysis) Market Structure & SMC: * ✅ CHoCH → BOS → 2nd CHoCH → strong BOS confirmed with today’s breakout * 🚀 Price ripped out of descending wedge + liquidity trap below 230 * Purple Supply Zone (237.5–240) now in play as potential final resistance Trendline Analysis: * Long-term wedge broken to the upside * Channel upper bound rising into 240–245 zone SMC Zones: * 🟩 Demand / OB Zone: 230.00–231.01 → Major flip zone * 🟥 Supply Zone (Purple Box): 237.50–240.00 → If rejected, will trap late bulls 🔄 Price Action & Key Levels * Support: * ✅ 234.00–234.72 → Local structure support * ✅ 231.01–230.31 → Flip zone and invalidation level * 🔻 222.18 → 3rd PUT Wall → downside defense * Resistance: * 🚩 237.5–240.00 → Gamma Wall and supply resistance * 🚀 245.00–247.50 → Final GEX extension zone 🧭 Scalping / Intraday Trade Setup 🟩 Bullish Setup: * Entry: 234.50–235.50 (on retest) * Target 1: 238.00 * Target 2: 240.00 → 245.00 extension * Stop: Under 231.00 (invalidation) 🟥 Bearish Pullback Setup: * Entry: Rejection at 237.50–238.00 * Target 1: 234.00 * Target 2: 231.50 * Stop: Close above 240 🔁 Summary Thoughts * AMZN printed a clean breakout with volume, reclaiming full structure from CHoCH. * GEX layout supports bullish continuation with targets toward 245 if 238–240 breaks. * Price is in the final squeeze zone — gamma momentum + dealer hedging = fuel. * Caution for late bulls: if AMZN stalls here and breaks under 233, it’ll retrace fast to 230–228. 🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.