UCTT has formed a large H&S. This one looks pretty good across timeframes and indicators. They H&S is nice and symmetrical and its formation breaks a long uptrend. Overall score is an 8. The RRR is almost 3.
trading pattern criteria
confirmed pattern 1
pattern confirms trend or confirms broken trend 1
pattern is syemtrical 1
pattern leans in the direction of the move 0
stoch RSI confirms 1
macd confirms 1
obv confirms 1
pattern confirms on 1 higher time frame chart 1
pattern confirms on 2 higher time frame chart 1
pattern confirms on 1 lower time frame chart 0
Total score 8
trading pattern criteria
confirmed pattern 1
pattern confirms trend or confirms broken trend 1
pattern is syemtrical 1
pattern leans in the direction of the move 0
stoch RSI confirms 1
macd confirms 1
obv confirms 1
pattern confirms on 1 higher time frame chart 1
pattern confirms on 2 higher time frame chart 1
pattern confirms on 1 lower time frame chart 0
Total score 8
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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.