CDNS watch $325.10: Golden Genesis Fib ceiling for over 2 years

May 28

CDNS has topped here many times over the last 2 years.
Golden Genesis fibs are massive landmarks for any asset.
This one has marked THE TOP for over 2 years thus far.

It is PROBABLE that we "Orbit" this a few times.
It is POSSIBLE that we reject for another top.
It is PLAUSIBLE to Break and run to new ATH.

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Jun 10

Trade active

PLUNK - significant dip from our Golden Genesis fib

Closed shorts and flipped long at $277.79 fib.
Will hold longs until we break the Golden at $325.10

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Aug 6

Trade closed: target reached

POP (yellow shaded area is from posting time)
In previous update I mentioned flipped into longs.
Earnings report was favorable and we got a pop.
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Closer look with notes:

Closed 50% of longs at first TP (Golden Genesis)
Closed the rest at next Geneiss fib after earnings.
Will watch for dip to consider longs again.

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Another PERFECT trade with CLEAR entry/exits given by the FIBS.
Hit BOOST and FOLLOW for more such PRECISE and TIMELY charts.

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