Carbon Emission is trading in a Symmetrical Triangle like pattern. Break out is needed for direction and could be imminent. If breaking out to the downside a move to the lowest level at €77.38 in the triangle is likely but could drop to support at 75. Bullish breakout and Carbon Emission prices should test the peak of the triangle at 92.75 but is likely to move higher.
However, the theory and history of Triangles tells us that after a breakout, prices can move the same distance of the peak to trough of the triangle i.e. €15.37, illustrated by the vertical arrow. That price difference should be added or subtracted to the breakout price. Since we do not know the price at breakout just yet we cannot determine the potential price targets.