ASML is at or very close to its cyclical Top.

ASML Holding (ASML) has been trading within a Channel Up since the March 2020 COVID Low and is currently approaching its Top. With the 1W RSI on a Bearish Divergence (Lower Highs against the price's Higher Highs) and the 1W MACD about to form a Bearish Cross, the stock doesn't have much room left to rise before peaking.

Assuming the maximum peak extension to be at 1235, and since both previous Bearish Legs declined to at least within the 0.618 - 0.786 Fibonacci Zone, we expect the price to drop to $780 (at least), which will also be a contact with the 1M MA50 (red trend-line).

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