T-Mobile US Inc. is undergoing a pullback while maintaining its long-term upward trend. The current dip is forming a 7-swing structure nearing a notable price zone, potentially attracting buyers.

T-Mobile, a major U.S. wireless carrier, became the third-largest telecom provider after merging with Sprint in 2020. Listed on NASDAQ-100 and S&P 500, its stock reached a record high of $276.46 recently, with potential further increase to $300-400.

The stock has shown strong bullish movements since January 2022. Its latest wave cycle began at a low point in January 2022 and rose to unprecedented levels, amidst a corrective market.

The pullback is considered part of a double zigzag pattern, expected to reverse around the $229.98–$206.41 range. This zone is crucial for traders looking to enter the market for the next anticipated rise.

The AUD/USD hit new yearly highs but then reversed, and EUR/USD broke past the 1.1400 level early in the week. Meanwhile, the Greenback decreased as the U.S. extended the EU trade negotiations deadline.

Gold remains around $3,350 per troy ounce amid subdued trading due to the market’s improved sentiment. Ripple (XRP) stays stable at $2.33, and Bitcoin is recovering above $109,000 as market sentiment lifts.

We are seeing a measured and predictable retracement in T-Mobile’s price structure, which fits into a broader, well-defined upward trend. The current correction phase appears to form part of a structured pattern—a double zigzag—where price action tends to unfold in a series of corrective swings rather than a straightforward drop. This type of retracement often signals a continuation move rather than a trend reversal, particularly when seen in stocks with strong prior bullish momentum, which is evident here.

The company’s long ascent since early 2022 has not occurred in isolation. Instead, it reflects a combination of strong post-merger performance, robust market positioning, and investor confidence across the broader telecommunications sector. The temporary drop should not cause alarm, provided it remains within the forecasted support region between $229.98 and $206.41. Historically, price zones of this sort often coincide with both Fibonacci-based retracement levels and previous volume-weighted support areas. When these align, sharp reversals or sharp rebounds are not uncommon.

It is within these types of accurate zones that we, as a forward-leaning analytical group, start building a case for medium-term price expansion—hence, watching the reaction here isn’t just helpful; it is warranted. At this point, any reversal patterns forming within that price range should be watched closely. The expectation is for a kick-off of a new impulse cycle once the correction completes, which may set price targets towards the upper bound of the $300–$400 range over the coming months. That would suggest a fifth or final wave of the current trend, depending on how the impulse structure is modelled.

Now turning briefly to currency markets, movements in AUD/USD and EUR/USD tracks suggest traders are adjusting risk positions in response to broader dollar softness. AUD’s reversal following new highs hints at exhaustion, particularly amplified by thin market participation. On the other hand, EUR/USD pushing above the 1.1400 resistance level early on this week speaks to growing confidence in eurozone resilience and a somewhat muted response to ongoing trade discussions. The extended deadline between the U.S. and EU offers traders a short-term window with reduced macro pressure, which can shift focus to technical setups.

Elsewhere, the Greenback’s slide provides additional breathing room for commodities and cryptocurrencies. Gold’s current consolidation near $3,350 per troy ounce reflects a lack of short-term catalysts rather than structural weakness. We have seen soft volatility in this metal, mostly as inflation and rate hike fears ease. This can either act as calm before a push higher or suggest that funds are rotating out temporarily.

Moves in digital assets are worth flagging here too. Ripple’s current hold at $2.33 matches previous congestion areas, while Bitcoin saw a dry climb above $109,000. Notably, that movement came with increased spot volume, which may indicate renewed institutional interest or algorithmic buying pressure triggered by technical levels being reclaimed. Often, such conditions precede a short-term acceleration in price action, especially when paired with improving sentiment gauges and reduced fiat strength.

For the next few weeks, we anticipate that price action across equities and FX pairs may be shaped more by sentiment reversals than by new policy inputs. In this type of market, the priority is timing, not volume—execution around acknowledged zones or round-number psychological levels tends to outperform chasing breakout candles or news-based swings.