E-mini technology sector futures price recently broke below Cosmic Gravity "Support Channel"(😎) and failing to break back above this level dropped back down (🧐). A next possible long entry position is now at "S6 Line".
A simple strategy is to short when price rejects "Basis Line" from below (🧐).
A simple strategy is to long when price tests from above and reverses back up from "S4 Line" and/or "S5 Line" (🧐).
In both the 2018 and 2020 bear markets, the S&P500 index price reached new lows when it entered Cosmic Gravity "Support Channel" and reversed (🧐). After another repeat (😎) can we say that the bear market is over?
With Cosmic BB SR length set to 21, the weekly chart price has reversed (😎) from the current resistance and since has dropped over 20% but not even mid-way to support before reversing back up. It is worth paying attention as we approach another resistance test.
NASDAQ100 has been on a downward trend for almost a year on the weekly chart. In winter 2018 (😉) and the COVID crash (😉) price has touched "Outer Resistance" and formed new lows. This week the price is testing this important level from below.
How to long a bullish trend with Cosmic BB SR? Long when price breaks above the current resistance level (😎) and close your position when a "New R Level" is formed.
"EMA Vector" and "Smoothed Vector" both turning purple and crossing is a bearish sign (🧐) and now it's happening again (😎)
How to short a bearish trend with Cosmic BB SR? Short when price breaks below the current support level (😎) and close your position when a "New S Level" is formed.
WATT touched Cosmic Bands "S4" support and formed a Bullish Hammer pattern (😎) - a bullish sign... or very bearish if a new low is made nowish.
How to buy the dip with Cosmic Markers and Cosmic BB SR ? Buy when Cosmic BB SR forms a new "S Level" while Cosmic Markers prints red dots (😎)
UKX 1W on free but good Cosmic Flow has tested "Basis Line" multiple times (🧐). Is it going to break below this line or reverse? Whichever way it goes watch for the "S1" and "R1" levels.
Our glorious Cosmic Bands indicator is squeezing hard on BTCUSD - it's a common precursor to sudden volatility (😎). Similar squeezes have happened before (🧐) where the direction of the eventual movement was decided by the price hitting the "S4 Line" or "R4 Line".
XAUUSD weekly candle has broken below Cosmic BB SR support level (😎). If price closes below the current support level we may face a very bearish situation.
Daily GBPUSD hit bottom support on our true and free Cosmic Flow indicator. Our other true and free Cosmic Markers indicator also signalled bottom via beautiful and symmetric Large Red Dots.
The weekly candle will likely close red on USOIL, necessitating an additional 6-7% drop to the next support level (Basis Line)
Based on recent price action seen with Cosmic Flow, Dogecoin may drop a further 32%. Downward price reversals (😎) have been followed by new lows (🧐)... is it going to happen again?
USDJPY price touching the max resistance line has often meant a market top followed by a correction. Currently this line has been hit 3 times over the last 2 weeks, suggesting another correction is incoming.