Please see my post from January 24 here first.
The Inverted S/H/S bottom has worked perfectly and we should soon see the ideal target at 7.20. However, as I said in January this rally could become much larger.
Short term we are at important resistance near 6.11 but a clear break above this resistance will call for a continuation higher towards 7.20 and possibly even higher towards 8.44.
Hello, can you please give some input of elliot wave analysis of kwk, quicksilver resources. It is a natural gas producer that once traded over 40 per share and is now at 3.48. With the breakout in natural gas prices, I believe kwk could be poised for a breakout as well. I am showing a potential cup and handle pattern to 10+. Sounds a little crazy and could take time to develop, but I am interested to hear your thoughts on ew analysis of kwk. Thanks for the time.
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