Carbon emissions: Opportunity for a long with the trend

We are still seeing an intact long-term trend in emissions, but we are approaching a key moment – its test. The price has already reached diagonal support, providing the potential for entry with long positions.

Aggressive Input (1): Entering Support after Confirmed Test and 78.6 Fib.

Conservative Entry (2): Entry with a long after test zone at 200 period.

SL: 24.20.

Alternative Scenario: The potential bearish flag plays out the price movement with a break below the trend line and the 200 period, whereby our bullish option is eliminated and we can look for an opportunity to enter short positions.

 Trader Martin Nikolov

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