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Bulkowski's Unknown Extension

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As of 02/19/2019
  Industrials: 25,891 +8.07 +0.0%
  Transports: 10,618 +49.99 +0.5%
  Utilities: 743 +4.68 +0.6%
  Nasdaq: 7,487 +14.36 +0.2%
  S&P 500: 2,780 +4.16 +0.1%
YTD
+11.0%
+15.8%
+4.2%
+12.8%
+10.9%
Tom's Targets    Overview: 02/14/2019
26,000 or 24,600 by 03/01/2019
10,900 or 9,900 by 03/01/2019
755 or 725 by 03/01/2019
7,700 or 7,050 by 03/01/2019
2,825 or 2,650 by 03/01/2019

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

This page describes the unknown extension pattern of the Elliott wave principle, how price moves not in a straight line but in a series of rises and retracements.

 

The unknown extension in a bull market. The figure to the right shows what an unknown extension looks like in a bull market. An extension is an unusually long impulse wave with exaggerated subwaves, according to Frost and Prechter.

In an unknown extension, all of the subwaves appear similar in shape and duration such that none of the waves can be identified.

The four subwave extension joins the existing five to total nine waves (waves one through five plus a four wave extension).

 

 

 

The unknown extension in a bear market. The chart shown on the right is the same as the prior one, but the wave occurs in a bear market. All of the subwaves appear similar in shape and duration making identification of waves one, three, and five difficult.

 

 

Extension Rules

The wave unknown extension has rules that govern its shape. They are listed here.

  • Nine subwaves compose the wave.
  • Each subwave appears similar to the others making identification of waves one, three, or five difficult.

-- Thomas Bulkowski

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Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. Stop repeat offenders. Don't re-elect them!