Wave 3 is often the longest, but it can never be the shortest among the three actionary waves (1, 3, and 5).

"Why is this called a cheat sheet?" Julian asked.

Enter the market at the reversal point of Wave 2. Place a tight stop-loss just below the origin of Wave 1. Set your take-profit target at the 161.8% extension level.

Motive Phase (Trend) Corrective Phase (Counter-Trend) (3) / \ (B) / \ / \ (1) \ (A)/ \ / \ (4) / \(C) / \ / / / \ / / / (2)/ / The Motive Phase (5-Wave Sequence)

The foundational movement of the market consists of an :

According to the principles outlined in Mento's guide and other authoritative cheat sheets, three "unbreakable" cardinal rules govern a valid impulse wave: never moves beyond the start of

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?"