The 5th waves extensions are more
probable in commodities markets because
the fear of rise of costs increase
the coverage.
By the other hand the 3rd wave extensions remains the more probable scenario for the impulsive waves in the direction of the main trend (impulses of impulses) because the 3rd waves is always the stronger one (not neccesary the longest but strongest).
probable in commodities markets because
the fear of rise of costs increase
the coverage.
By the other hand the 3rd wave extensions remains the more probable scenario for the impulsive waves in the direction of the main trend (impulses of impulses) because the 3rd waves is always the stronger one (not neccesary the longest but strongest).