The 3M stock was able to undershoot the support at $92.38 in the past weeks. Now it is not far to the green target zone between $83.82 and $74.28, where we expect the low of the white wave (II). To capitalize on the expected change in direction, long positions can be opened within the zone. Stops should be placed about 1% below the zone, as a 36% likely alternative would still see a lower white wave alt.(II) low.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.