Potential Short on CDNS

jason_rpprt Updated   
BATS:CDNS   Cadence Design Systems, Inc.

CDNS is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL above last swing high, moving SL to BE when safe to do so.

Update to pattern has now rejected off top of channel will place short on pullback and bounce


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