LMNX Short the B Wave
Updated
Hello,
What is LMNX?
Luminex Corporation develops, manufactures, and sells proprietary biological testing technologies and products for the diagnostics, pharmaceutical, and research industries worldwide.
News
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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What is LMNX?
Luminex Corporation develops, manufactures, and sells proprietary biological testing technologies and products for the diagnostics, pharmaceutical, and research industries worldwide.
News
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!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
Note
The Pattern is a leading diagonal with an overshot 5th wave.
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