SUMMARY
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The impulse sequence for LKQ Corp. (LKQ) is most likely complete as shown in the below chart. The requisite correction has already started in earnest. The first down leg has been swift and deep; however, the correction is not complete. Could one have foreseen this correction had they been able to discern the EW motive? I believe so.
The blue subwaves show qualify the white wave 3 and often, as long as the most extended wave is qualified; the remainder falls into place. The red halo event is already taking its fear toll on those who are riding this correction down. The ABC sequence could target lower than shown, that must be kept into awareness. However, given how oversold the MACD is, a potential 30% swing trade to red B bounce is to be considered.
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Thanks for sharing.
Nice tips thanks, looking forward for next tips..
I resteemit again....
Bitcoin went down to $6000 after roaring at 7000 for significant time. It look time past years market cycle doesn't work this time.