Of the four ballades, it is considered by many pianists to be the most difficult, both technically and musically.
A phrase in the dominant major (marked piano) opens the seven introductory bars and leads into the first subject of sonata-form exposition, a melody with Slavonic coloration. The first theme undergoes four cumulative transformations with decorations, counter-melodies, counterpoint, and a nocturne-like fioritura. The development of the second theme and its intertwining with the first heightens the complexity of the musical structure and builds tension. Through the intertwining and thus the simultaneous development of the two themes, Chopin effectively combines the use of both the sonata form and the variation form. The body of the piece concludes with a series of accented fortissimo chords, followed by a momentary calm of five pianissimo chords. This then suddenly leads into an extremely fast, turbulent coda, written in exuberant counterpoint. Structurally, Ballade No. 4 is decidedly intricate.