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Exam Code: CMT-Level-II
Exam Name: CMT Level II Exam
Updated: Jun 19, 2026
Q & A: 264 Questions and Answers
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1. Which of the following is NOT true of the Relative Strength Index
A) It is frequently used to determine overbought and oversold levels
B) It is more volatile than simple measures of momentum
C) It uses all the price values in a time period
D) It is scaled from 0 to 100
2. In tweezers tops patterns, which aspects of the two candles MUST match?
A) Both candles must have the same color real bodies
B) The tops of both real bodies must be the same
C) Both candles must have the same high price
D) Both candles must have shaven tops
3. Which of the following is a true statement according to Elliott Wave Theory?
A) A complete bull market cycle is made up of eight waves, three waves up followed by five waves down
B) A trend divides into three waves in the direction of the next longer trend
C) Corrections always take place in five wave patterns
D) The two types of simple corrections are zigzags and flats
4. Which would be the MOST useful aspect of a cycle in studying the relationship between cycles of different lengths?
A) None of the above
B) Amplitude
C) Period
D) Phase
5. Which of the following factors would NOT increase the predictive power of a dark cloud cover pattern?
A) If the second day of trading opens above a resistance level and then fails
B) The dark cloud cover occurs in the middle of a trading range
C) Heavy volume on the second day indicates a buying blow o
D) During a downtrend, a white real body with shaven head and bottom followed by a black body also with a shaven head and bottom
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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