ASML Has Fallen Out of an Upward Channel

NASDAQ:ASML   ASML Holding N.V. - New York Registry Shares
ASML was trading in an upward channel since November 2022.

Price has broken down the lower trendline of the channel.

A W pattern was in formation in August-September 2023 but ASML wasn't able to break the neckline.

ASML is now at .382 retracement level. If it loses support now, next destination is .5 level - 570.

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.