As a somewhat aggressive entry in anticipation of a breakdown below this H&S topping pattern, CDNS (Cadence Design Systems) will be added as an Active Short Trade here around the 24.59 level with an alternative, more conventional entry on a break below the neckline of the pattern. Negative divergences confirm the bearish nature of the Head & Shoulders topping pattern & foreshadow a likely trend reversal.
CDNS Trade Setup & Entry
2017-03-08T21:19:31+00:00 Sep 13, 2016 3:25pm|Categories: Completed Trades - Short|Tags: CDNS|Comments Off on CDNS Trade Setup & Entry