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LMNX Short the B Wave

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Hello,

What is LMNX?
Luminex Corporation develops, manufactures, and sells proprietary biological testing technologies and products for the diagnostics, pharmaceutical, and research industries worldwide.

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My Thoughts For You
For the past several years when LMNX has a retrace after an impulse, it has averaged a retrace of 90%. I would wait to short this stock when B wave completes. Watch the daily TF for direction and use the 4hr TF for signs of a reversal to make your entry.

Good Luck, Cheers!

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Ghi chú
The Pattern is a leading diagonal with an overshot 5th wave.
Technical IndicatorsTrend AnalysisWave Analysis

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