TECH Sell 09.10.2025 13:24
3M Co.: candlestick analysis
On the four-hour chart, the price has been consolidating for a long time within the range of 152.39–160.41, holding in the area of 155.25, while at one of the key resistance levels of 160.41, one can identify the formation of a reversal candlestick analysis pattern Bearish Engulfing, which included the figure Hanging Man, and immediately after it, the pattern Bearish Marubozu appeared, reducing the price to 154.38.
Indicators
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell