Repeating Pattern, Near Complete

There have been two short-position trades (not discussed on this site) in Cadence CDNS, so far this year.
Both were small losses.
After the last trade on March 5th, notes were made on the watch-list chart, to the effect:
‘Wait for the up-thrust’
Fast-forward to today.
If CDNS manages to finish the day above the close of March 4th (305.43), it would then be in up-thrust position (not advice, not a recommendation).
The chart shows the situation as of 11:45 a.m., EST
Cadence Design Systems CDNS, Daily Close

Note the ‘Ready’ indication.
That arrow corresponds to this link.
In my opinion, the comments on that post are nearly, if not more important, than the post itself.
Stay Tuned
Charts by StockCharts
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point®, trade mark: No. 6,505,279













