I am going to stick my neck out a little on this one. Is candle forming a wedge?

'The Wedge Reversal formation is produced by a progressive narrowing of the price range but without any great slowing up of the prevailing trend. Instead of the convergence being produced by successively higher bottoms and lower tops in the minor fluctuations that form the pattern, as is the case with the Symmetrical Triangle, the Wedge pattern converges to a point by a process of both higher tops and higher bottoms (or both lower tops and lower bottoms if the prevailing rend is down) but the spread between minor tops and bottoms grows less and less until the stock is fluctuating within a much narrower range than is its normal habit. The forming of the wedge is accompanied by a progressive, perceptible decrease in activity, the declining volume as the pattern tapers to its point being analogous to the declining volume that accompanies the forming of a triangle. Somewhere near the theoretical tip or apex of the Wedge, prices break away from the pattern with or without volume increase. Thereafter, prices move away more or less rapidly, in a trend opposite to that which formed the Wedge.'

At least that is the official definition. These days, volume may or may not be so significant. Wedges must be very clearly defined, with price clearly filling in the defined shape. Time will tell for CND, but the pattern points to a reversal, at least temporarily, back to around $3 potentially.