ASML Has Fallen Out of an Upward Channel

ASML was trading in an upward channel since November 2022.

Price has broken down the lower trendline of the channel.

A W pattern was in formation in August-September 2023 but ASML wasn't able to break the neckline.

ASML is now at .382 retracement level. If it loses support now, next destination is .5 level - 570.