1D price rose close to the max Cosmic Bands resistance, potentially forming a new Cosmic BB SR level. Statistically this would be a point of reversal but max resistance has not been reached on higher timeframes and it may be a good idea to wait for bearish confirmation.
SPX price has risen to high-maximum resistance on multiple timeframes while showing few bullish signs, suggesting a drop is likely. The short target is set at the extrapolated 1W Cosmic Gravity resistance channel top.
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 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 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 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.
For a multi-indicator user like me, it is very inconvenient to often have to turn off one indicator before turning on another. I'm wondering if it makes more sense to add all the indicators in the same script and display them all on the same chart window?
At a current support zone right now. I can see a dump to the lower line first before a scalp-long plays out. Let us see. Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward &...
BB is currently at support and it looking to move higher. Stop loss should be set below the support box which is a clear invalidation. ES1 & S&P500 are currently looking bearish on the higher TFs but a quick pump can happen before the higher TFs play out. Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new...
I just thought this bounce at the 382 was interesting. After the market flushed, $BB bounced hard off the bottom of the rising wedge pattern. Assuming we're not going to see more downside more broadly tomorrow, I'd expect $BB to start moving back up--at least to the middle of the wedge. Just shy of $5 perhaps?
In my previous chart on $BB, I wondered if BB would pick a true direction in the coming session and speculated it would be another trend downward. Looks like I was right. I see two possible paths from here: (1) BB walks down to about $4.40 and then starts to move back up slow and steady to the middle or top of the broadening channel; Or, (2) we see a precipitous...
The short term trend suggests a direction will be chosen by Friday and I'm inclined to think BB drops under $4.50. Max pain is $4.50, but there are 9000 call contracts up for expiry this Friday at $5. Should be interesting...
My sense is BB is going to swing back down to the bottom of the channel, because why not? Whatever is going to happen it'll happen on Monday. Sure would be nice to see her pop above the channel and keep going...
I came across this stock because of a Wall Street Journal article focused around some meme traders who were holding bags and bullish despite being on the cusp of a recession and a colossal market crash. So I started to take a look at it. Fundamentally, UPST is down a lot, like all the other r/WallStreetBets and Reddit cesspool pump and dumps. From the...
Well $BB didn't go parabolic, but she still wants to get higher. There are key trend lines to cross and we're at a cross roads in the current pattern. But after we break out, I could see her trading sideways before another, more significant break to the upside.
Fibo levels: AB=0.61 XA BC=0.61 AB=$6.65 0.78 XA=$63 1.6 BC=$70 0.88 XA=$94 2 BC=$120 2.24 BC=$169 1.13 XA=$250 2.6 BC=$288 1.41 XA=$763 3.6 BC=$1189 1.6 XA=$1752