What the regime changes in your book (capture 4)

The regime does not only show on the indicator: you read it in the footprint. These are frequent tendencies, not rules:

• Long gamma regime: lots of passive absorption at the extremes, breakouts that run out of steam, aggressive delta that does not move price.
• Short gamma regime: market orders sweeping several levels, little resistance along the way, delta that quickly turns into price displacement.

Illustration: absorption under the call wall

On October 30 at 3:48 pm, buyers hit hard under 7,661 and price barely moved: that is the signature of long gamma hedging selling into the rally.