If you follow Elliot Wave Theory, wave #3 is usually the largest of all 5 waves but is not very predictable. This usually follows a short retrace to complete a wave #4 to be followed by the most predictable wave #5. Lots of folks love wave #5 simply because the risk factor is somewhat lower.
I love a good wave #3! It keeps the blood pumping and if you catch them early enough, you can make significant gains. Good Luck!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.