3M Company

3M: Target Zone in Sight!

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3M shares remain stuck in a consolidation, looping multiple times. The high of the magenta impulse wave (1) is still pending and should form in our red Short Target Zone between $184.42 and $202.51. Once this range is reached, the corrective wave (2) should kick in, pulling price below the support at $115.56. However, if the high of wave alt.(1) has already been established, wave alt.(2) could mark its low within the green alternative Target Zone between $110.13 and $93.07 (probability: 35%).

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