To see the cobra in a dream denotes to fear and mystique. If you have been bitten by a cobra, then it shows the surroundings and people you should be aware of. If the cobra was chasing you, then it shows you are afraid of something in your life. If you are cobra in a dream, then it means you wish to receive things unfairly.
Dream dictionary: Cobra dream meanings
The most frequent meaning is of a sexual nature, especially if the dreamers are young. It also symbolizes wisdom and healing power. Seeing a sleeping snake indicates that our instinctual forces are asleep. If it wakes up and wriggles without causing fear, it reveals desires of a spiritual evolution. Dreaming of snakeskin or seeing change indicates that a profound evolutionary change is coming. If poisonous snakes appear, it indicates fear to be in embarrassing situations.
(see cobra, boa, viper, asp).