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.
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