According to quantum electrodynamics (QED), which encodes the properties of electrons and photons, electrons are excitations of an electron fiueld in the same way as photons are excitations of the electromagnetic field.
The fields wave, and the electrons (or photons), as far as they can be considered to be particles, are localized wave packets of excitations of these fields.
The particle interpretation is appropriate, however, only to the extent that the so-called geometrical optics approximation is valid. This means, in a particle interpretation, you shouldn't look too closely at the details, as then the particle properties become more and more fuzy and the wave properties become more and more pronounced.
But if you just look at quantum mechanics (QM) rather than QED, your question cannot be answered as the wave function is something unobservable, existing only in an abstract space,
What can be given an interpretation in QM are certain things one can compute from the wave function. The stuff of interest to chemists is the charge distribution, given by $\rho(x)=e|\psi(x)|^2$ for a single electron, by
$\rho(x)=\int_{R^3} ~dy~ e|\psi(x,y)|^2$ for a 2-electron system, etc.; here $e$ is the electron charge. For electrons in a molecule, nothing is waving here anymore, as the wave aspect is eliminated by taking the absolute values.
Indeed, if this charge density is concentrated in a tiny region, one sees the particle aspect of electrons; if it is very spread out, one sees the wave aspect, revealed by high frequency oscillatory patterns in the charge density.
This is the chemist's interpretation. See Chapter A6:The structure of physical objects of
A theoretical physics FAQ.
Physicists (especially if not well acquainted with the use of charge density information) are often brainwashed by the teaching tradition, and then think and express everything in terms of probabilities, giving QM an unnecessary flair of mystery.