TradingView
MarketIntel
Dec 19, 2023 2:35 PM

T-Mobile: Already reached the summit? ⛰️ Short

T-Mobile US, Inc.NASDAQ

Description

The share price of T-Mobile has come very close to our dark green Target Zone (coordinates: $161.69 - $168.80) in the past weeks, but has turned around underneath it. In the context of an alternative count, it is now 35% likely that we have already seen the top with the wave alt.(B) in dark green, which would mean that we are now already seeing a sell-off to below the support at $142.84. Primarily, however, we assume that the course of the regular wave (B) in dark green will prevail and thus lead to the scheduled top in our Target Zone, which, by the way, potentially offers itself as a short opportunity.
More