$MMM rally into thin air but ABCD completed ..Short zone here upto upper bb and rising resis line.
leading industrial looking to make hire highs. Very strong sector to boot.
MMM is probably in a "Descending Triangle"-pattern, with an abcde-counting! Yesterday, MMM might have finished "Minute"-wave c (blue marked c=?). If true, next resistence will be at the descending trendline (red) and will give as the "d". This move should also have a corrective pattern with abc counts!
MMM probably breaks support line at $ 189.48.
MMM probably in a a "Minor" - wave 2 correction. Waiting for a clearer picture.
Hi again, so if you take a look at the horizontal line in the chart above, you might realise that it is a support point in the chart(MMM). What is a support point? Well, it is actually an indication that tells you if the company is going to go higher or lower. But there is still a chance that the market might break the support point, just like a resistance...
Hi traders, today I am going to teach you a very basic and effective indication that you can use when trading, and it is called Support and Resistance points. Support and Resistance points tell you whether the company is going to go up, or if it is going down. If you would like to know more about the Support and Resistance points individually, you can take a look...
Hi guys, here is a basic indication that you guys might use(especially if you are new to trading) And the indications are the Support and resistance points. This indication tells you if the market is going to go higher or lower. You guys can check my other posts that are more in specific in what is a resistance and support point. But if you are just looking for a...