SMH Flashes First Major Weekly Reversal Since April

TRIGGER TRADES
11-20

After tagging both the upper boundary of the multi-year channel and the golden fib extension, $VanEck Semiconductor ETF(SMH)$ inverted its Weekly FVG — something it hasn't done once since the April lows

With the April rally’s channel now broken and a clean 5-wave advance fully developed, the evidence points one way: the risk of a completed top is extremely high.

My lean: the peak is set, with the broader structure pointing toward 240–215 to cross the multi-year lower channel.

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