ASML Holding Falls! Short Trade Hits TP1, More Targets AheadASML Holding has shown a strong bearish movement, reaching Take Profit 1 (TP1) at 742.16.
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.
Asmlshort
Selling AMSL at 50% pullback.ASML Holding - 30D expiry - We look to Sell at 484.65 (stop at 501.10)
Trade idea is provided by a third FCA regulated party.
Daily pivot is at 496.30.
The primary trend remains bearish.
The 1 day moving average should provide resistance at 480.00.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Levels close to the 50% pullback level of 491.50 found sellers.
Break of yesterdays low would confirm bearish momentum.
Our profit targets will be 445.55 and 437.51
Resistance: 472.00 / 485.00 / 500.00
Support: 455.00 / 445.00 / 430.00
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