|

ASML Elliott Wave analysis: Bullish path toward $2108–$2287

ASML Holding N.V., (ASML) provides lithography solutions for the development, production, marketing, sales, upgrading & servicing semiconductor equipment systems. It also offers hardware, software & services to chipmakers to produce the patterns of integrated circuits. It comes under the Technology sector & trades as ‘ASML’ ticker at Nasdaq.

ASML is bullish in weekly, favors rally in I of (III) of ((III)) in nest structure. It favors rally in ((5)) towards $2108 – $2287 area against 7.29.2026 low to extend April-2025 rally. We like to buy the pullback in 3, 7 or 11 swings at extreme area.

ASML – Elliott Wave latest daily view

ASML

In weekly, it ended ((I)) at $895.93 high (September-2021) & ((II)) at $363.15 low (October-2022). Above there, it ended (I) of ((III)) at $1110.09 high (July-2024), (II) at $578.51 low (April-2025) & favors rally in (III). Within (I), it placed I at $771.98 high, II at $564 low, III at $1056.34 high, IV at $849.14 low & V at $1110.09 high. Below there, it ended a of (II) at $767.41 low, b at $945.05 high & c at $578.51 low. Above April-2025 low, it ended ((1)) of I at $826.56 high, ((2)) at $683.48 low, extended ((3)) at $1999.96 high, ((4)) at $1530.64 low & favors upside in ((5)).

ASML – Elliott Wave latest weekly view

ASML

Within ((3)), it ended (1) at $1086.11 high, (2) at $946.11 low, (3) at $1547.22 high, (4) at $1248.11 low & (5) at $1999.96 high. The ((4)) unfolded in double correction & found support in extremes between $1576.76 – $1402.70 area. Currently, it favors rally in (1) of ((5)) & expect small upside against 7.29.2026 low before correcting it. Buyers from ((4)) extremes can be risk free & looking for rally into $2108 – $2287 area to finish I of (III). Above $2287, it can extend up to $2538.2 to finish rally. Further upside will confirm above June peak. Alternatively, if it breaks below 7.29.2026 low, it can be II pullback, while proposed ended I at June-2026 peak.

Author

Elliott Wave Forecast Team

Elliott Wave Forecast Team

ElliottWave-Forecast.com

More from Elliott Wave Forecast Team
Share:

Editor's Picks

AUD/USD rises to 0.6950 as USD slips on Fed's Warsh

AUD/USD regains traction and extends the bounce toward 0.6950 in the Asian session on Friday. Fed Chair Warsh's comments reinforce the selling pressure on the US Dollar, allowing the pair to stretch higher. Warsh said that he remains committed to delivering price stability without giving away anything on future interest rate path.

USD/JPY falls in symc with USD, gives up 158.00 after Warsh's speech

USD/JPY has come under fresh selling pressure and gives up 158.00 in the Asian session on Friday amid the emergence of fresh US Dollar selling. Fed Chair Warsh's non-committal commentary on the future tightening path, weighs on the US Dollar and the pair.

Gold looks vacillating above $4,150

Gold alternates gains with losses below the key $4,200 mark per troy ounce on Friday. The yellow metal’s irresolute price action comes in response to a modest pullback in the US Dollar and a tepid recovery in US Treasury yields across the board.

Week ahead: Stocks seek direction as earnings take centre stage
It has been a challenging week for investors as the hotter US CPI report and the solid start to the earnings season did not produce the expected market movements. With the exception of the aussie, the US dollar is currently posting minimal gains across the FX spectrum, with its post-CPI rally proving short-lived, especially as dovish Fedspeak persists.
CFTC report: Euro and Aussie shorts build as Gold exposure remains elevated
The week in one sentence: Euro shorts deepened, and Yen longs retreated in the week to October 13. In addition, Coffee buying continued, and Gold exposure remained elevated despite another price decline. Speculators turned more bearish on the Euro (EUR), taking net shorts to around 137.6K contracts, the highest level since January 2016.
Everyone's dumping Gold after hot US inflation. Here's why $4,100 could be a floor, not a cliff
Gold (XAU/USD) is recovering from a sharp sell-off triggered by hotter-than-expected United States (US) inflation data released on Wednesday. The precious metal briefly plunged toward $4,073 as investors increased their bets on further Federal Reserve (Fed) interest rate hikes before recovering as US Treasury yields and the US Dollar (USD) reversed their initial gains.