In the short term, we place ASML in an intermediate correction that should find its local low above the support at €1,080. Once this bottom is established, we expect subsequent price increases to extend beyond the resistance at €1,741. Alternatively, there is the option of an already ongoing (larger-scale) correction. In this case, price would develop enough downward momentum to break directly below the support at €1,080 (probability: 38%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
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.