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MMM

MMM CYCLE: EURUSDHey Guys! I hope you've all managed to stay safe so far with COVID19. Going into the week we are seeing possible trapping behavior at EU's 3xadr as well as a "00" price point. We are currently bullish but we are looking for a reversal soon. Newbies, Be cautious of trying to guess where the peak may lock. Be patient until we have clear confirmation. Daily: Long H4: No harmonics H1: L3 long, 3xadr Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
MMM; Has Coronavirus helped 3M enough to keep them above water?!MMM; Has Coronavirus helped 3M enough to keep them above water?! ✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's Go! Time to see the much-anticipated earnings report from our savior 3M. We are hoping they are good and the chart may show this first hand already! --- 1. Fractal Trend showing an uptrend (Green background color) for MMM on the 1 hour chart. We are hoping this is not a false breakout like we saw previously. 2. We are currently in a quite parabolic move to the upside, thankfully we have a trailing stop riding behind this move to attempt to lockin as much profit as possible. 3. We are looking for a reaction at the R1 bearish orderblock where we hope to see Breakaway Scalper go neutral so we can get in on this tear! 4. If R1 can't hold, we will be looking at R2 and R3 as expected resistance going forward. 5. S1, S2, and S3 are all acceptable levels we are keeping an eye on but any lower and well... you guys know the rest.
NYSE:MMM
by AlphaBotSystem
MMM - Opportunity for Short Hey guys! Here's my view on MMM: Summary Price bounced off a strong support, captured by the recent spike and I am expecting a further push to 168.79 before a reversal. How I would play this trade: Entry: 168.79 Stop Loss: 190.26 Take Profit: 97.21 Reason for my view: There was a strong bounce off the 61.8% fibonacci retracement level, in line with previous breakout levels, as seen by the recent spike. With the $2 trillon rescue package recently injected into the economy, it could provide a temporary boost in market risk sentiment. This could see prices rally higher to test our resistance level at 168.79. Overall bias remains bearish as price is holding nicely below its descending resistance line and 35 EMA. Fundamentally, the Covid-19 outbreak worldwide is not showing signs of peaking out, which could further impede the global recovery. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
NYSE:MMMShort
by TradingBean
MMM CYCLE: EURUSDHey guys! I hope everyone had a great trading week last week. We saw the bullish play out as projected. Even though we are in L3 there is still room for price to rise before reaching 3xadr. For now, we will continue to take buy setups in line with our analysis until we have a reason to begin our bearish cycle. If you look at the DXY you will notice it is also in L3 of a bearish cycle. Price is currently sitting on a daily zone flip giving price the potential to rise. EU and the DXY move inverse. Always use the DXY to gauge price. Daily: Long H4: Bearish harmonic H1 EMAs crossed long Look for clear entries during trading hours on the M15, 5 & 1. Let's have a great week! Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
by Visionary17
3
MMM CYCLE: EURUSDHey guys. We're starting to see reversal behavior in EU. Price is currently trapping though a weekly zone flip. We do not have an official peak locked to anchor shorts yet however, we are open to taking conservative positions long if it sets up during London. It is still early in the week and the market is volatile. Be patient. Daily: Short H4: No harmonics H1: L3 looking, EMA's cross short Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
by Visionary17
1
MMM CYCLE SHORT: EURUSDSorry for the quality of the chart posted yesterday. It was done from a cell phone. Remember, we are still looking for shorts until we have a peak. The markets are not stable. Modify risk and make adjustments accordingly. Daily: Short 4H: Bullish harmonic 1H: L2 short, EMAs crosses short. Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
MMM CYCLE SHORT: EURUSDHey guys. This is a prime example of why we always trade in line with the daily and H1 EMA cross. We've some nice opportunities for entries short. It's simple. We will continue to look for opportunities short until we have an anchor for trades long. We do not predict. We react to what the market gives. Daily: short H4: no harmonics H1: EMA cross short, possible level 1 reset Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
1
MMM CYCLE SHORT: EURUSDWhat a beautiful bearish cycle we had to play out on the EU. We are seeing reversal behavior in the EU but not so much on the DXY. With that being said we will continue to take setups short in line with daily trend and H1 EMA cross until we have a locked peak to anchor trades long. Daily: Short H4: No harmonics H1: EMA cross short, L3, reversal behavior Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
MMM CYCLE SHORT: EURUSDHey guys! We had two opportunities at a bounce trade so far as projected. Both gave at least 50 pips. If you are still in mange accordingly. Right now price is hanging around daily open and yesterdays low. We are anticipating further drop there is no guarantee. Congrats to all who took profits today. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
1
Investing in the Time of COVID-19 / 3M COMPANYIs It Time to Buy 3M Stock? (NYSE:MMM) 3M ramps up N95 respirator production as demand surges from global coronavirus outbreak. Demand for respirators is extremely high . To fill the surge in demand for the devices, particularly the N95 respirator, 3M is ramping up production. In Aberdeen, South Dakota, more than 650 employees at one of 3M’s largest manufacturing facilities are working overtime to increase face mask production. 3M Company: While 3M manufactures millions of respirators per month at production facilities in the United States and China, as well as in Latin America, Europe and Asia, we expect demand for respirators and other supplies to outpace supply for the foreseeable future. "3M is supporting public health and government response to the outbreak by ramping up production at our global manufacturing facilities, including hiring workers, adding shifts and activating more production lines. "Still, global demand for certain personal protective equipment, including respirators, is currently exceeding supply. We are working with customers, distributors, and government and medical officials to help get supplies where they are most needed." Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
NYSE:MMMLong
by CryptoTrend-Alerts
1
MMM CYCLE: EURUSDHey guys! Although we do have a peak formation we still do not have an H1 EMA cross locking the peak. Right now we are seeing a London pat long play out in line with the daily. We may get a short set up in the next session. Daily: Long H4: No harmonics H1: TDI extremes, beyond 3xADR, L3, outside structure suggesting a possible short. It's helpful to use the DXY to gauge the direction in EU. They move in opposite directions. Look for entries on the M15 and lower timeframes. We will continue to look for trades in both directions. Be cautious holding short positions until we have an officially locked peak. (H1 EMA cross) Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
by Visionary17
1