Semiconductors: Did The Pattern Just Fail? iShares Semiconductor ETFBATS:SOXXTrading-CapitalNvidia is on watch for another failed pattern. When the worlds largest company recaptures key levels and negates bearish patterns you better be watching closely. Today Nvidia closed back above the key head and shoulders neckline. If this price action holds above the neckline we could be in for a really large short squeeze. One day does not make a trend but it does start to change probabilities as price action holds. Micron also had a really reversal and rally. Its chart looks vastly different then NVDA could be due for lots of chop as a new trading range is being defined.