| Wave | Nickname | Crowd Sentiment | What to Do | | :--- | :--- | :--- | :--- | | | The Initiation | Few believe it; insiders buy. | Watch only. | | Wave 2 | The Test | "Bear trap." Panic selling returns. | Buy the end of 2 (near 61.8% retrace). | | Wave 3 | The Holy Grail | FOMO explodes. Volume surges. | Aggressively buy. This is the profit zone. | | Wave 4 | The Complex | Exhaustion. Traders take profits. | Hold or add small. Watch for triangles. | | Wave 5 | The Euphoria | Mass media hype. Weaker hands enter. | Sell into strength. Divergence appears. | | Wave A | The Denial | "Just a dip." Institutions exit quietly. | Move to cash. | | Wave B | The Trap | "New bull run!" (False hope). | Shorting opportunity. (B wave is a sucker's rally). | | Wave C | The Destruction | Panic. Capitulation. | Aggressive short or wait for bottom. | Pro Tip for your PDF: Add a note that Wave 3 is usually the only wave with 3rd-wave extensions (sub-waves inside sub-waves). If you miss Wave 3, you miss 70% of the move. Part 4: Fibonacci Ratios – The Numbers You Need The Elliott Wave Cheat Sheet is useless without Fibonacci. Waves are mathematically related. Keep this cheat sheet box on your desktop:
Motive (1,2,3,4,5) -> Corrective (A,B,C) Elliott Wave Cheat Sheet Mento Pdf
If you have ever stared at a chaotic price chart, wondering where the smart money is entering or exiting, you have likely stumbled upon the Elliott Wave Principle. But let’s be honest: memorizing the difference between a flat correction and a zigzag, or remembering whether wave 4 can overlap wave 1, is a nightmare without a cheat sheet. | Wave | Nickname | Crowd Sentiment |
Enter the
The moment you stop drawing ambiguous squiggles and start applying the strict rules and Fibonacci ratios from this cheat sheet, you will stop guessing and start trader with the pattern. | Buy the end of 2 (near 61
Save this article as a PDF. Highlight the three immutable rules. And the next time you see a complex correction, just whisper: "Check the Mento sheet." Disclaimer: This article is for educational purposes. Trading financial markets involves risk. Always use stop losses and proper risk management.
However, a PDF only works if you use it . Print the card above. Tape it to your monitor. Every time you see a sharp move, glance at the Wave Personality column. Ask yourself: "Are we in a euphoric Wave 5 or a panicked Wave C?"