By using the wave analysis we can forecast the future move of the price from a statistical mathematical perspective on
TMO
.
A minimum of swing at 474 dollars was broken down, that swing is the checkpoint for a T+6 (2 years wave).
As the wave was broken to the downside on the 12 of October only after 234 days, we might expect a new yearly wave, potentially in development, with short term opportunities to the upside, but by the end of the new yearly wave (July 2024/ February 2025), the price should go lower than 415 dollars.
TMO
. A minimum of swing at 474 dollars was broken down, that swing is the checkpoint for a T+6 (2 years wave).
As the wave was broken to the downside on the 12 of October only after 234 days, we might expect a new yearly wave, potentially in development, with short term opportunities to the upside, but by the end of the new yearly wave (July 2024/ February 2025), the price should go lower than 415 dollars.