ASML Holding N.V., (ASML) develops, produces, markets, sells & services advanced semiconductor equipment systems consisting of lithography, metrology & inspection related systems for memory & logic chipmakers. It operates in Japan, South Korea, Singapore, Taiwan, China, Netherlands, Europe, US & others Asian countries. It is based in Veldhoven, Netherlands, comes under Technology sector & trades as ‘ASML’ ticker at Nasdaq.

ASML ended weekly sequence as  (I) at $895.93 high & proposed ended (II) at $363.15 low. The  in wave (II) was the largest correction ever as  lower ended at $363.15 low. Above there, it favors higher either in (III) or at least a larger 3 swing bounce.

ASML – Elliott Wave Latest Weekly Chart :

Since 1995, it is showing higher high sequence, which ended at $895.93 high as wave (I). It placed wave I at $319.22 high & II at $191.25 low. Wave II was 0.382  of previous degree. Above there, it favors ended III at $710.97 high & IV at $664.83 low. Wave IV was shallow correction & resume higher in V. It ended V as (I) at $895.93 high as impulse sequence.

ASML – Elliott Wave Latest Daily View :

Below there, it corrected in wave (II) at $363.15 low in double three correction within blue box areas. It was 0.618 Fibonacci retracement of (I). While above there, it placed (1) at $643.36 & (2) at $529.01 low. Currently, it favors higher in 3 of (3) & expect short term upside to continue as the part of ((1)). It should remain supported in 3, 7 or 11 swings at extreme areas against (2) low in short term sequence.

Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. .

Source:-forecast.com/stock-market/asml-ready-next-rally/

#elliottwave #trading #ASML