TLT, long term bond ETF, on a weekly chart, shows the beginning of a Bullish Flag Breakout pattern. It hasn't confirmed yet because it hasn't surpassed the previous swing high at 148.90. So its really early to trade it for a bullish move, but I defined my risk to a fixed small amount by buying a May 145/150 Call Spread for 1.70 ($170). You can't lose more than the cost of a spread.
Risk = $170, Reward = (150-145) $500. That's about 1:3 which is great!
Please see the 8 minute video for a fuller explanation at:
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