Home
About
Blog
Books
Contact
Donate
FAQ
Glossary
Privacy/Disclaimer
Site Map
Visual Index
What’s New
Subscribe to RSS feeds Bulkowski Blog via RSS

Support this site! Clicking the links (below) takes you to Amazon.com. If you buy ANYTHING, they pay for the referral. My books...
Encyclopedia of Chart Patterns 2nd Edition book.
Chart Patterns: After the Buy
Getting Started in Chart Patterns, Second Edition book.
Trading Basics: Evolution of a Trader book.
Fundamental Analysis and Position Trading: Evolution of a Trader book.
Swing and Day Trading: Evolution of a Trader book.
Visual Guide to Chart Patterns book.
Picture of Bumper.
Kindle
Picture of the head's law.
Kindle

Bulkowski's Unknown Extension
Class Elliott Wave Fundamentals Psychology Quiz Studies Setups Software Tutorials More...
Busted
Patterns		 Candles Chart
Patterns		 Event
Patterns		 Small Patterns
As of 12/06/2019
  Indus: 28,015 +337.27 +1.2%  
  Trans: 10,709 +133.66 +1.3%  
  Utils: 855 -1.82 -0.2%  
  Nasdaq: 8,657 +86.13 +1.0%  
  S&P 500: 3,146 +28.48 +0.9%  
YTD
 +20.1%  
 +16.8%  
 +19.9%  
 +30.5%  
 +25.5%  
  Targets    Overview: 11/29/2019  
  Up arrow28,600 or 27,600 by 12/15/2019
  Up arrow11,300 or 10,500 by 12/15/2019
  Up arrow875 or 830 by 12/15/2019
  Up arrow8,900 or 8,400 by 12/15/2019
  Up arrow3,250 or 3,075 by 12/15/2019
As of 12/06/2019
  Indus: 28,015 +337.27 +1.2%  
  Trans: 10,709 +133.66 +1.3%  
  Utils: 855 -1.82 -0.2%  
  Nasdaq: 8,657 +86.13 +1.0%  
  S&P 500: 3,146 +28.48 +0.9%  
YTD
 +20.1%  
 +16.8%  
 +19.9%  
 +30.5%  
 +25.5%  
  Targets    Overview: 11/29/2019  
  Up arrow28,600 or 27,600 by 12/15/2019
  Up arrow11,300 or 10,500 by 12/15/2019
  Up arrow875 or 830 by 12/15/2019
  Up arrow8,900 or 8,400 by 12/15/2019
  Up arrow3,250 or 3,075 by 12/15/2019

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

Top 

See Also

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!