Will Wong
Long

TWOU: the down leg did materialize to test the 200 ma

NASDAQ:TWOU   2U INC
166 views
7
166 5
And the Fib 50%. The momentum could take it further down to the Fib 61.8 and the bottom of the BB as well
Sep 21
Comment:
Hi Will, Do you have an alternate count for this? Primary count is close to be invalidated
Reply
Will Wong virtual_trader
@virtual_trader, Posted a new chart with a triple bottom with a wave 5 target of $149 but be careful. This stock has a lot of short interest.
Reply
Hi Will. Question on wave counting. How do you count subwaves when the swings are not very apparent. For example in sub-wave i the swings are very tiny and not "wave-like" even on lower timeframe.

Thanks for posting this. I entered a long position today after a .618 retracement. Been tracking this since you originally posted this :)
Reply
Will Wong virtual_trader
@virtual_trader, Sub wave (i) is one long smooth wave which I count as one wave without the need to look for the 5 sub-waves within it. I am sure I can if I go down to an hourly chart but it is not necessarily to break down a wave into its sub component when it is so obvious.
Reply
@Will Wong, Thanks! It sure does look like a nice a smooth wave on daily chart.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out