Ucad is going down in a channel in corrective diagonal fashion, and the pattern allows one more up. The 4 hr and Daily do show more possible room down, But this is a major area. Pitchfork median, trend line it broke, daily 200ma is right under it very close. I would prefer for it to break the bottom trend line of channel, but they don't always. This trade has the potential of going back up to break the last high even. I'll be looking to my fork line for the larger channel. Keep in mind, we have no larger time frame reversal pattern, so it can always create structure and consolidate downward, but I feel pretty good about a buy coming.