Get started
VanEck Semiconductor ETF

SMH - Inverse H&S

By Bogbee
Updated
SMH has formed an Inverse Head and Shoulders Pattern. Looking for a bounce to 169-170 if it can close above the neck line. Trading this with SOXL if pattern confirms.
Trade closed: target reached
head_and_shoulderHead and ShouldersInverse Head and ShouldersSMHsmhlongSOXLsoxlbullishsoxlbullssoxlrally
Bogbee

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.