Elliott Wave Cheat Sheet Mento: Pdf _verified_

The market wasn't crashing blindly. It was correcting. The PDF outlined the three personalities of a bear market:

Motive Phase (1-5) Corrective Phase (A-C) (5) / \ (B) / \ / \ (3) Wave 4 / \ / \ / / \ / \ / (A) (C) (1) Wave 2 / \ / / \ / Fractal Nature: Wheels Within Wheels Elliott Wave Cheat Sheet Mento Pdf

Wave 2 retracement: 0.618 of Wave 1.Wave 3 target: 1.618 or 2.618 extension of Wave 1.Wave 4 retracement: 0.382 of Wave 3.Wave 5 target: Often equal to Wave 1 or 0.618 of the distance from the start of Wave 1 to the end of Wave 3. Psychology of the Waves The market wasn't crashing blindly

Expanded Flat: Wave B makes a new high past the start of Wave A, trapping breakout buyers, before Wave C violently reverses to make a new low past the end of Wave A. 3. Triangles (3-3-3-3-3 Structure) Psychology of the Waves Expanded Flat: Wave B

is a temporary counter-trend rally within the larger correction. 2. Cardinal Rules of Impulse Waves

An Elliott Wave cheat sheet is indispensable for traders trying to make sense of complex market movements. By focusing on the 10 core rules and understanding the 5-3 structure, you can better predict market reversals and trend continuation. While the theory takes time to master, having a quick reference for patterns, rules, and Fibonacci ratios helps turn complex theory into actionable trading strategies.