The value structure of Ivan Milev is mid-key: quiet, controlled, and cohesive. Cool tones set the register here - the blues and greens easily outweigh any warm accents. Chroma hovers near zero; colour declares itself through subtle shifts in hue rather than outright saturation. #1B1A20 claims 28.7% of the surface, functioning as the work's tonal foundation. #373172 functions as the palette's exclamation mark: highest chroma, lowest percentage (2.3%). A value spread of 59 units gives the palette both depth and air - shadows are genuinely dark, lights genuinely light. The palette has the character of outdoor light: cool, mid-bright, with colour rendered faithfully rather than expressively. Palette 5 sits within the larger chromatic argument that Ivan Milev's complete body of work advances.