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.
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.
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.
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.
If this is in fact the short term bottom, the 1h chart price should break above the 1h support around the "1D support" level. However if the price continues below "1D support" a further drop may be likely.
Although it is unclear from the chart points in which direction the price may move, the current proximity to a historical resistance level makes a short position with a small stop a good bet. The short target is set at the next major support level, the Cosmic Flow basis line.
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.
