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T Mobile (TMUS) has a Swing Projection to 56

TMobile (TMUS) has been in consolidation/correction mode since April after price hit 68.40. This followed a bull run 2012 when price was around $8. We should at least anticipate an ABC correction.

TMUS Daily Chart

(click to enlarge)

ABC Correction:
- This projection targets the 56 area for TMUS.
- The break below 59 last week was critical. 
- Now, if price rebounds, we should start anticipating resistance around 60.
- The most aggressive bullish outlook for now should be 62.