CMT Association CMT-LEVEL-II Exam
CMT Level II Exam (Page 4 )

Updated On: 7-Feb-2026

Which is NOT a measure of central tendency:

  1. Mean
  2. Median
  3. Mode
  4. Variance

Answer(s): D



Which of the following BEST describes the rule of alternation?

  1. Downtrends follow uptrends
  2. Complex patterns follow simple patterns
  3. Price follows volume
  4. Prices alternate in Fibonacci sequences

Answer(s): B



Which of the following is a true statement according to Elliott Wave Theory?

  1. A complete bull market cycle is made up of eight waves, three waves up followed by five waves down
  2. A trend divides into three waves in the direction of the next longer trend
  3. Corrections always take place in five wave patterns
  4. The two types of simple corrections are zigzags and flats

Answer(s): D



Which of the following is one of the key rules for traders?

  1. Take profits but be patient with losing positions and give them time to rebound
  2. Buy low, sell high
  3. Be a contrarian and trade against the trend
  4. Always meet margin calls promptly

Answer(s): B



Why doesn't the doji candle have a real body?

  1. The doji is an abbreviated method of drawing candles
  2. The open and close are the same
  3. The high and low are the same
  4. Buyers are stronger than sellers

Answer(s): B



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