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...
The 2h chart points show that if the price fails the current test of the Cosmic Channel Lite basis line from below, the next major support will be the top of the Cosmic Gravity support channel, where the short target is placed. Since the price is right below a major resistance level, the stop is placed only slightly above it.
While according to the 1D signal the price should reverse back up, the other timeframes suggest that the bearish trend may continue at least until the Cosmic Bands S1 line, where the short target is set.
The chart points suggest a short term bearish move may be likely with up to a 5% drawdown. The short target is at the extrapolated minor Cosmic Channel Lite support and the stop at the resistance.
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 chart points paint a bullish picture although the price is just above support levels on the 1M and 1D timeframes. The long target is set at the next extrapolated 1M resistance and the stop at the 1D basis line.
By combining the levels show by the 2 indicators Cosmic Flow and Cosmic BB SR it is possible to forecast the amount the price will drop (or rise) as shown with the vertical red arrows. The price is currently at a level it consecutively tested twice and were it to drop further a rough estimate for a short target using the current trajectory would be in the...
The 6h, 1h, and 15 minute timeframes show the next concentrated support to be at $100.7 (thick red line), while the next minor 1D timeframe support lies at $100.1. The price hovering below the current 6 hour Cosmic BB SR support suggests further downward momentum.
The chart points show mostly bearish signals as the price peaks and starts breaking down through several major levels across 3 timeframes. The short target is set at a level where the next largest support levels overlap on all 3 timeframes and the short is set at the extrapolated max 3D resistance.
The long target is drawn near the thick blue line which overlaps over major Cosmic Channel Lite resistances spanning 3 timeframes, showing a thick ceiling that may possibly bring about a large reversal.
The signals in the chart point towards a likely continuation of the recent drop with a short target at around $560.
UNITED AIRLINES HOLDINGS, INC price has mostly been below the 1D Cosmic Channel Lite basis line since the start of Corona but has now broken above it on attempt number 3, albeit for the second time since the pandemic began. The 15 minute chart provides the context needed to determine if this breakout will hold.
The top of the same long-term support channel responsible for all Bitcoin bottoms is acting as the current resistance.
EURUSD is ranging inside a stable channel defined by both minor bullish and minor bearish signals over both timeframes. On the 1D timeframe the price is in a larger bullish trend with major resistance at "Basis line" level hovering under $1.15
Alibaba stock has reached 3 major Cosmic Gravity resistance levels on each of the 1D, 6h, and 1h timeframes. Since the upswing has been going on for some time it is possible to assume that a reversal is likely.
High likelihood that a reversal will happen when the price touches the 1D Cosmic Channel LIte resistance line, or that line gets highlighted as the price enters the indicator's topmost internal level.
The chart points suggest a continued bearish move with the short target set at the 1D Cosmic Channel basis line and the stop set at the 1h Cosmic Channel basis line.
The signals in the chart give a bullish outlook and the long target is set by extrapolating slightly below the resistance line in the direction of the latest regression.