• MMM under bearish pressure
• Likely to fall to support level 105.00
MMM under the bearish pressure after the earlier breakout of the round support level 110.00 which stopped the earlier impulse wave i at the end of September), intersecting with the support trendline of the wide down channel from January.
The breakout of the support level 110.00 accelerated the active impulse waves (iii) and 3.
Given the strong long-term downtrend, MMM can be expected to fall further toward the next support level 105.00 (target price for the completion of the active minor impulse wave 3).
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
This website uses cookies