ASML has confirmed the end of the corrective Wave (4) on the daily chart and is powering through the initial phases of the final impulse move, Wave (5).The price is currently challenging the key 0.5 Fibonacci level near $1,150, a critical resistance point. Sustained trading above this level signals high conviction for the Wave (5) continuation.
If the momentum holds, the primary targets for this final push are the 0.786 Fibonacci extension around $1,263 and the full 1.0 extension target around $1,350
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Disclaimer
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.