Long
Descending Triangle + Bullish Divergence = Confluence

Hi All,
On the 4hr chart we see a CMF bullish divergence which could be an indication that Aragon is preparing to break out from it's descending triangle and head back up to retest the previous highs.
There's a good Risk Reward ratio even with a conservative stop loss, I'd usually have this tighter but we're seeing big volatility at the moment.
Feel free to leave feedback on the idea
Blockbullder.
On the 4hr chart we see a CMF bullish divergence which could be an indication that Aragon is preparing to break out from it's descending triangle and head back up to retest the previous highs.
There's a good Risk Reward ratio even with a conservative stop loss, I'd usually have this tighter but we're seeing big volatility at the moment.
Feel free to leave feedback on the idea
Blockbullder.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.