3M company is back to bullish mode

Gregor Horvat Wavetraders

3M Company with ticker MMM was trading in a larger A-B-C correction within a higher degree wave IV for the last 5 years, but we have been warning about strong support with equal wavelength of waves A=C already back in 2023.

MMM Weekly Chart from June 2023

As you can see now in 2024, we can see a strong rebound after a completed projected higher degree A-B-C correction within wave IV, so wave V can be now in play that can send the price back to all-time highs, especially if breaks channel resistance line and 175 level.

MMM Weekly Chart from August 2024

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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