ASML Holding : The Stock has been trading at a higher level. The stock has also made Higher Highs and Lower Highs which suggest a good strength at the Top.

The stock has formed a rising wedge and is trading in that pattern, it would be early to predict which direction the breakout will take place without any confirmation.
Before giving advice I will explain a bit of the pattern.

Almost all Rising wedges break to the downside approx 82%.

Often preceded by an extreme climax. If no climax, then likely to be a Continuation Pattern.

In this Pattern we are seeing a climax before the formation of the pattern so expectation is to break down is high.

At the top we have seen an ISLAND Pattern which is one the Top 3 best performing candle patterns.

RSI is showing divergence which is supporting our analysis.

Opportunity to Sell with limited SL and a high Return.

Potential Sell

Jul 15 2021

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