I'm looking for a simple proof of the following fact, which is somehow Bernstein inequality in continous time. Let $(M_t)_{t\geq 0}$ be a continuous local martingale. Then : $$P(\sup_{t\in [0,T]}M_t \geq a \ \vert \ [M]_T\leq b) \leq \exp(-\frac{a^2}{2b})$$ It's a special case of an inequality of Shorack and Wellner, but I think there should be an easy proof. One can use Dubins-Schwarz theorem but I don't want to, I'm looking for a direct proof, in the spirit of Bernstein Inequality.