As of 03/24/2026   Indus: 46,124 -84.41 -0.2%     Trans: 18,329 +243.05 +1.3%     Utils: 1,138 +5.78 +0.5%     Nasdaq: 21,762 -184.87 -0.8%     S&P 500: 6,556 -24.63 -0.4%	YTD -4.0%    +5.6%    +6.6%   -6.4%   -4.2%	Targets    Overview: 03/13/2026     44,000 or 48,800 by 04/01/2026   17,100 or 19,100 by 04/01/2026   1,300 or 1,090 by 04/01/2026   21,200 or 23,700 by 04/01/2026   6,350 or 6,900 by 04/01/2026
Chart Pattern Indicator: on 3/2/26

As of 03/24/2026   Indus: 46,124 -84.41 -0.2%     Trans: 18,329 +243.05 +1.3%     Utils: 1,138 +5.78 +0.5%     Nasdaq: 21,762 -184.87 -0.8%     S&P 500: 6,556 -24.63 -0.4%	YTD -4.0%    +5.6%    +6.6%   -6.4%   -4.2%
Targets    Overview: 03/13/2026     44,000 or 48,800 by 04/01/2026   17,100 or 19,100 by 04/01/2026   1,300 or 1,090 by 04/01/2026   21,200 or 23,700 by 04/01/2026   6,350 or 6,900 by 04/01/2026
Chart Pattern Indicator: on 3/2/26

Bulkowski on the Unknown Extension Elliott Wave Pattern

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.

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

See Also

• Here is the main resource for Elliott wave information.
• Support and resistance. Learn the various types.
• Market direction. 7 tips to determining.
• Trading cycles help time your entries and exits.
• Trend change detection using a triangle apex.

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

My Stock Market Books Invest for Two-Comma Wealth, Second Edition  Chart Patterns: After the Buy Encyclopedia of Chart Pattern, 3rd Edition Fundamental Analysis and Position Trading Getting Started in Chart Patterns, 2nd Edition Swing and Day Trading Trading Basics

My Novels Bumper's Story Orb Foresight Rewrite Coming! Head's Law Remember Me

Copyright © 2005-2026 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 registered trademarks of their respective owners.

Home Advertise Contact Privacy/Disclaimer ☰

Stop repeat offenders. Don't re-elect them!