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RS3175

ASML Has Fallen Out of an Upward Channel

Short
ASML Holding N.V. - New York Registry Shares (NASDAQ:ASML)  
RS3175  
NASDAQ:ASML   ASML Holding N.V. - New York Registry Shares
Parallel Channel Fibonacci
3
0
parallelchannel fibonacci
ASML was trading in an upward channel since November 2022.

Price has broken down the lower trendline of the channel.

A W pattern was in formation in August-September 2023 but ASML wasn't able to break the neckline.

ASML is now at .382 retracement level. If it loses support now, next destination is .5 level - 570.
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