ASML Technical Outlook – Gap Resistance Looming🖥️ ASML Technical Outlook – Gap Resistance Looming
Ticker: ASML (ASML Holding N.V.)
Timeframe: 30-minute candles
🔍 Current Setup
ASML is rebounding after a sharp drop earlier this summer, now pushing into a major overhead gap resistance zone between ~760–830.
Gap Support/Resistance Zone: 760 (bottom of gap) → 830 (top of gap).
Current price: ~755, testing the lower boundary of the gap.
This is a key technical level: either price gets rejected here and rolls over, or it enters the gap and has room to run toward 830.
📊 Breakout Levels
🚀 Upside (Bullish Scenario)
Trigger: Break and close above 760 to enter the gap.
Intermediate Targets:
785–790 → Mid-gap resistance.
810–815 → Upper portion of the gap.
Measured Move Target: ~830 (full gap fill).
🔻 Downside (Bearish Scenario)
Trigger: Rejection at ~760 with failure to hold 740.
Intermediate Supports:
720 → Local support.
700 → Round number demand zone.
Measured Move Target: ~680 (retracement toward prior base).
📈 Volume Analysis
The sell-off volume spike during the July gap down highlights how significant this zone is.
Current bounce is happening on moderate volume — bulls need strong inflows to sustain a gap fill attempt.
⚖️ Probability Bias
ASML is at a make-or-break level.
A sustained push above 760 opens the path toward 785–830.
Failure here risks another pullback toward 720–700.
✅ Takeaway
ASML is confronting a major gap resistance:
Bullish Break > 760: Targets 785 → 810 → 830
Bearish Rejection < 760 / 740: Targets 720 → 700 → 680
The reaction at 760 will define ASML’s next big move.
