Elliott Extension


Extension Levels

0, 0.382, 0.618, 1.000, 1.382, 1.618

Elliott Waves

In an Impulse Wave, often one of the Motive Waves is extended. Usually, it is either Wave 3 or Wave 5. Extensions are composed of multiple subwaves.

If Wave 1 is extended, Wave 3 and Wave 5 may be equal.
If Wave 3 is extended, Wave 1 and Wave 5 may be equal.
If Wave 5 is extended, Wave 1 and Wave 3 may be equal.

META

Status:: #wiki/notes/mature
Plantations:: Elliott Wave Theory
References:: The Elliott Wave Principle