The chart shows two recent and unprecedented occurrences that may lead to an outcome of equally unprecedented proportions. In the past year the money supply peaked and is still negative over a year since reached peak liquidity Causes include the effects of the pandemic, asset conversions spurred by tax reforms and corporate buybacks, rising...
The neat thing about Cosmic Flow is that is lets you use one MA period for the resistance and another one for the support. Here we used the HMA with 50 bar resistance and 100 bar support to recognize a repeating pattern on the 1W chart, in combination with the Cosmic BB SR indicator. While these two indicators show that the price is now more bullish than it...
While on the long-term upswing EURUSD has arrived at the Cosmic Gravity basis line, a major resistance level. If this level should be broken sudden positive volatility may be expected. If the test fails a retest can be expected.
The signals in the chart point towards a likely continuation of the recent drop with a short target at around $560.
The two signal points marked in the chart suggest the current drop still has some way to go until either a Cosmic BB SR support level is formed or the Cosmic Angle value approaches zero.
The 3 indicators show a bearish reversal with the nearest support level and short target at 125.21.
Although the general momentum is now downwards, as outlined in the chart the 3 indicators give several bullish signs which can be taken into consideration in the short-term. The Cosmic Gravity basis line can be the next resistance target.
The points outlined in the chart give off a bearish vibe for MITSUBISHI HEAVY INDUSTRIES, at least until the next support level (dashed line).