BULZ- a 3X leveraged FANG ETF High Tight Bull Flag

31 May 2023

BULZ on the one hour chart is showing a high tight bull flag which typically heralds a bullish

continuation. The tight consolidation channel formed today at the POC line of the volume

profile. The zero-lag MACD shows the lines under the histogram and about to cross. The

histogram itself has dropped to a zero amplitude. The trigger for the bullish continuation is

price rises out of the regression channel and above the POC line. BULZ is a triple leveraged

ETF holding the FANG stocks including META, GOOG, AAPL, NVDA and all the others. BULZ

could spend another day consolidated and then run the remainder of the week. The 17% run

thus far could be repeated in the days to come mightful however of the leveraging.

I see this pullback as a great entry into a stock pattern that typically results in a resurgence

of bullish momentum. I have pasted onto the chart a little bit of a description of the

high tight bull flag patterns and their utility in trading when found.