$CFX is currently at a major resistance zone

from where it has dropped past 5 times.

It's also making a bearish flag and if

it manages to cross 0.165 level, then

it will form a lower high or make an

inverse cup-n-handle chart pattern.

This drop will be significant as it could

potentially lead to a retrace of price

up to the depth of the cup at around 0.12!

$CFX has already broken down from it's

bullish rally and has also formed

an inverted hammer on 15min TF,

indicating the intensity of rejection &

selling pressure. We can now potentially

assume a trend change taking place.