T-Mobile US Inc. is experiencing a pullback while still trending upwards in the long run. This dip is creating a 7-swing pattern that is approaching an important price zone, likely attracting buyers. T-Mobile is a leading U.S. wireless carrier, having become the third-largest telecommunications provider after merging with Sprint in 2020. Its stock is listed on the NASDAQ-100 and S&P 500. Recently, it reached a record high of $276.46, with potential to rise further to $300-$400. Since January 2022, the stock has shown strong growth. The latest wave started at a low in January 2022 and surged to new heights, despite some market corrections. This pullback is seen as part of a double zigzag pattern, expecting a bounce back around the $229.98–$206.41 range. This zone is critical for traders looking to enter for the next upward move. The AUD/USD currency pair hit new yearly highs before reversing, while the EUR/USD moved past the 1.1400 level early this week. Meanwhile, the U.S. dollar weakened as the U.S. extended the deadline for EU trade negotiations. Gold is holding around $3,350 per troy ounce amid quiet trading, reflecting better market sentiment. Ripple (XRP) remains stable at $2.33, and Bitcoin is recovering above $109,000 as optimism grows. T-Mobile’s price shows a clear and measured retracement fitting into a broader upward trend. The current correction phase seems to follow a structured double zigzag pattern, suggesting that the price action is more likely to continue rising than to reverse, especially given its recent strong momentum. Since early 2022, T-Mobile’s steady rise has resulted from its strong performance after the merger, solid market position, and investor confidence in the telecommunications sector. The temporary drop should not raise concerns as long as it stays within the expected support range of $229.98 to $206.41. Typically, price zones like these align with Fibonacci retracement levels and prior support areas. When these lines up, sharp reversals or rebounds often happen. In these precise areas, our analytical group sees a chance for medium-term price growth, so monitoring the reactions is essential. Any reversal patterns in this price range should be closely observed. We expect a new surge once the correction is finished, which could push prices towards the upper end of the $300–$400 range in the months ahead. This may indicate the final wave of the current trend, depending on how the impulse structure unfolds. Shifting to the currency markets, movements in AUD/USD and EUR/USD indicate traders adjusting their risk based on a weaker dollar. The AUD’s reversal after hitting new highs suggests some exhaustion, especially given lower market participation. Conversely, the EUR/USD moving above the 1.1400 resistance level shows growing confidence in the eurozone’s resilience, amid ongoing trade talks. The extended deadline between the U.S. and EU gives traders a short-term opportunity with less macro pressure, allowing a focus on technical setups. The dollar’s decline is also giving a boost to commodities and cryptocurrencies. Gold’s consolidation near $3,350 per troy ounce shows a lack of short-term triggers rather than a structural issue. We see reduced volatility in gold as inflation fears and interest rate worries ease. This could either be calm before a rise or suggest funds are temporarily reallocating. Digital assets are also noteworthy. Ripple’s stability at $2.33 coincides with past congestion areas, and Bitcoin’s climb above $109,000 came with increased trading volume, signaling possible renewed institutional interest or buying pressure due to reclaimed technical levels. Such conditions often lead to short-term price acceleration, especially with improved sentiment and weaker fiat currency. In the coming weeks, we expect sentiment shifts will play a more significant role in shaping actions across equities and FX pairs than new policies. In this type of market, timing matters more than volume—executing trades around recognized zones or psychological round numbers tends to be more effective than chasing breakouts or news-driven swings.

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