ASML has been bullish for most of the second half of 2025, and with the current strong push to new highs it looks like we are dealing with a new motive wave structure, now unfolding as wave five. But keep in mind that this is a final leg, and this wave could complete the higher degree structure. But for now, the trend still needs to complete five subwaves within wave five, which could allow price to extend higher, potentially toward the 1300 area, after a blue subwave four retracement as shown on the daily chart. The key level to watch is around 1110, which was also the high from July 2024. As long as price stays above that level, the uptrend remains intact. A push back below it would likely signal a temporary slowdown rather than a trend reversal.
Highlights
– ASML remains in a strong uptrend and is unfolding wave five
– Potential extension higher after a blue subwave four pullback
– Key support to watch is 1110
– A break below 1110 would signal temporary slowing, and enw correction ahead.
Highlights
– ASML remains in a strong uptrend and is unfolding wave five
– Potential extension higher after a blue subwave four pullback
– Key support to watch is 1110
– A break below 1110 would signal temporary slowing, and enw correction ahead.
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