Technical analysis by martinxi5u4 about Symbol TURBO: Buy recommendation (12/9/2024)

This chart outlines an advanced Elliott Wave structure within a parallel channel. We've seen the first clear 5-wave impulse move (1-5) followed by corrective waves (A-B-C-D-E), retracing to the golden 0.786 Fib level (E)—an area of strong confluence. 📈The price continues to respect the channel boundaries, suggesting a high-probability wave 3 extension forming on the local timeframe. The current setup offers potential for significant upside if the channel holds and momentum builds.Personally im looking for a local peak in the next weeks as (3), and a A-B-C correction before the HTF 3 wave peaks around mid february. Here a am planning to sell to realocate in the summer before the 5th of the 5th ending in september.Let me know your thoughts below! 💬