Impulse
Wave 3
Usually the longest and most powerful impulse wave. Wave 3 is never the shortest of waves 1, 3, and 5. It commonly extends to 161.8% of Wave 1 and often features the strongest momentum, highest volume, and widest price bars.
EXAMPLE
In AAPL, Wave 1 moves $10, Wave 2 retraces $6.18, then Wave 3 surges $16.18 (161.8% of Wave 1).