As of 05/08/2025
Indus: 41,368 +254.48 +0.6%
Trans: 14,131 +348.60 +2.5%
Utils: 1,034 -11.19 -1.1%
Nasdaq: 17,928 +189.98 +1.1%
S&P 500: 5,664 +32.66 +0.6%
|
YTD
-2.8%
-11.1%
+5.2%
-7.2%
-3.7%
|
 41,700 or 38,000 by 05/15/202514,400 or 13,000 by 05/15/20251,075 or 1,000 by 05/15/202518,300 or 16,500 by 05/15/20255,700 or 5,300 by 05/15/2025 |
As of 05/08/2025
Indus: 41,368 +254.48 +0.6%
Trans: 14,131 +348.60 +2.5%
Utils: 1,034 -11.19 -1.1%
Nasdaq: 17,928 +189.98 +1.1%
S&P 500: 5,664 +32.66 +0.6%
|
YTD
-2.8%
-11.1%
+5.2%
-7.2%
-3.7%
| |
|
41,700 or 38,000 by 05/15/202514,400 or 13,000 by 05/15/20251,075 or 1,000 by 05/15/202518,300 or 16,500 by 05/15/20255,700 or 5,300 by 05/15/2025 | ||
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 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 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.
The wave unknown extension has rules that govern its shape. They are listed here.
-- Thomas Bulkowski
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