BATS:SMH   VanEck Semiconductor ETF
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Yellow Line is previous support from 2009 --Thick Blue lines show lower highs, higher lows ( SYM TRI )
Thin Blue line shows medium-term support -- Two H/S (one with a purple wedge kicker)
Possible HS forming now-- With a possible double bottom in play, and re-testing it's breakout currently

For the SYM TRI to be valid, it would make more sense for a current test of double bottom , the outcome putting SMH at the top of SYM TRI line. A valid H/S would prove SYM TRI break to downside with only two touches to the top line. Either could play out, but it's worth noting that SMH has been responsive to H/S patterns since 2011

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