Understanding the Bullish Area on MMMUnderstanding the Bullish Area on MMM
- On MMM, the price has broken a key resistance zone (now working as support), and we want to find similarities to previous situations to project possible scenarios.
- We can see that every time the price either bounce on the zone or broke it from below, we had a bullish movement towards the next resistance zone.
- The % we expect from the beginning of the movement is 19%. The expected duration of the movement is between 100 and 250 days
- During the movement, we can expect corrections to provide good entry levels to catch some % of the 19% expected movement.
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