Long Term Top?

At this juncture, CDNS, is posting within a downward trading channel (not advice, not a recommendation).

Near the end of the session, price action penetrated the prior session low.

So, we should all know what that means. 🙂

If CDNS is going to stay within the channel (a big ‘if’), tomorrow might see an upward attempt in a Wyckoff ‘spring’, before ultimately returning back to the lows (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279