$KBRN - RC -
Added 2023-08-16 13:00:24 +0000 UTCCarbon strategy ETF is in a tightening wedge since the start of 2022, this wedge could continue until 2024, only when the price has broken out of this wedge can we determine what is next.
A break to the upside and this move is in line with an impulse wave.
I do not expect this to move fast and we can see on the time scale at the bottom of the chart, it will take a number of years before completing this impulse wave to Wave 5.
A break above $42 and this is in to the bull case.
A break below $33 and this is into the bear case.
