ASML Holding Falls! Short Trade Hits TP1, More Targets Ahead
ASML Holding has shown a strong bearish movement, reaching Take Profit 1 (TP1) at 742.16.
Key Levels
Trend Analysis
The price is moving firmly below the Risological Dotted trendline, indicating a strong downtrend. The sustained bearish pressure suggests the potential for further declines towards TP2 and beyond.
With TP1 already hit, ASML Holding continues to show promise for further downside, guided by the Risological Swing Trader. The short trade remains positioned to capture additional opportunities as the trend continues to favor the bears.
Key Levels
- Entry: 792.37 – A short position was initiated at this level, guided by the precision of the Risological Swing Trader.
- Stop-Loss (SL): 832.99 – Positioned above recent resistance to protect against a potential reversal.
- Take Profit 1 (TP1): 742.16 – Already achieved, confirming the effectiveness of the short setup.
- Take Profit 2 (TP2): 660.92 – The next target in line as downward momentum continues.
- Take Profit 3 (TP3): 579.68 – A further target if the bearish trend persists.
- Take Profit 4 (TP4): 529.48 – The ultimate target, indicating a significant decline.
Trend Analysis
The price is moving firmly below the Risological Dotted trendline, indicating a strong downtrend. The sustained bearish pressure suggests the potential for further declines towards TP2 and beyond.
With TP1 already hit, ASML Holding continues to show promise for further downside, guided by the Risological Swing Trader. The short trade remains positioned to capture additional opportunities as the trend continues to favor the bears.
- Indicator used on my charts > Risological.com
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
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