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Potential bear flag for FNGU - maybe 45% downside?

MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038 (AMEX:FNGU)  
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AMEX:FNGU   MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038
Chart Patterns Flag Moving Averages FNGU S&P 500 (SPX500) FANG fangstocks TQQQ
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chartpattern flagpattern movingaverage fngu spx500 fang fangstocks tqqq
FNGU is a 3x leveraged fang etf.

We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern).

Bear flag price target of roughly $15 would mean a 45% fall from current price.

Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020.

We also recently crossed below the 50d MA on the 4H.
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