[MMM] chart suggests wave 1 down is done.

Here is the whole rally since 2009.

Zooming in, we can see 5 clear waves down leading to a nearly perfect test of that long standing support line.  The looks like it will move back up to the prior 4th within the next 1-2 days assuming that's where it stops its sucker bounce.  The38.2% fib is at $141.44, the 50 is at $142.39 and the 61.8 is at $143.34.