CFX – Descending Channel Holds on Higher Timeframes

CFX is displaying an interesting divergence across multiple timeframes — short-term breakout, but higher timeframes remain structurally bearish 📊

🕒 30-min Chart: Price is breaking above a descending trendline, offering a short-term bullish bias. Momentum traders might find opportunities here for quick scalps ⚡

📉 3D Chart: Price recently failed to break through the larger descending channel — leading to a minor sell-off. This shows that the broader bearish structure is still in play.

📆 Weekly Chart: CFX continues to respect a wide descending channel on the weekly timeframe. Until a clean breakout occurs, the macro trend remains bearish.

👀 What to watch:

Short-term bounce could play out, especially if the lower timeframes attract volume.

However, unless the higher timeframe structure breaks, upside will likely be limited.

A textbook case of short-term opportunity inside a long-term downtrend. Traders should adapt accordingly and monitor both momentum and structure.