| 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:
Enter the
Motive (1,2,3,4,5) -> Corrective (A,B,C) Elliott Wave Cheat Sheet Mento Pdf
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?" | Wave | Nickname | Crowd Sentiment |
By [Your Name/Team] | Updated for 2025 Trading | Buy the end of 2 (near 61
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.
This phrase has been gaining traction among traders who want a "mento" (likely a phonetic search for mental or memento )—a cognitive anchor or a downloadable memory aid. In this article, we provide the ultimate breakdown of that cheat sheet. By the end, you will understand exactly what needs to go onto your PDF so you can trade with the crowd psychology, not against it. Before we dive into the cheat sheet, we need the foundation. Ralph Nelson Elliott discovered in the 1930s that stock markets do not move randomly but in repetitive cycles. These cycles reflect the collective psychology of investors: from pessimism to optimism and back again.