🔴 ASML is no longer bullish
ASML is one of the most interesting companies in Europe by far, but recently has broken a very large trendline meaning that at least, we are moving to a NEUTRAL or BEARISH market.
✅ What pattern is unfolding inASML ?
The pattern is one of the simplest that exist. A simple trendline, but look, is a very large trendline of more than 5 years and multiple touches. Breaking this kind of pattern is a major signal that you can't avoid.
💰 How to trade this chart pattern?
Once the trendline is broken, you can trade in any pullback or any new low done, searching for the upcoming bear market. Take care with longs here, you are probably seen a dead bounce cat.
✴️ ENJOY AND FOLLOW for more ideas 😊
ASML is one of the most interesting companies in Europe by far, but recently has broken a very large trendline meaning that at least, we are moving to a NEUTRAL or BEARISH market.✅ What pattern is unfolding in
ASML ?The pattern is one of the simplest that exist. A simple trendline, but look, is a very large trendline of more than 5 years and multiple touches. Breaking this kind of pattern is a major signal that you can't avoid.
💰 How to trade this chart pattern?
Once the trendline is broken, you can trade in any pullback or any new low done, searching for the upcoming bear market. Take care with longs here, you are probably seen a dead bounce cat.
✴️ ENJOY AND FOLLOW for more ideas 😊
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.
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.