Free CMT Association CMT-Level-II Exam Questions

Become CMT Association Certified with updated CMT-Level-II exam questions and correct answers

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Total 179 Questions | Updated On: Jun 17, 2026

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Question 1

This chart type integrates volume directly into the price bar:

A : Equivolume

B : VWOP

C : Renko

D : Ichimoku Cloud

Answer: A

Question 2

Which of the following are the three basic tenets of Elliott Wave Theory, in the CORRECT order of importance?

A : Price, momentum and volume

B : Price, pattern and volume

C : Waves, alternation and reversals

D : Pattern, ratio and time

Answer: D

Question 3

Counterattack lines are formed when:

A : a doji breaks a moving average

B : a dumpling top fails with an abandoned baby pattern

C : when opposite colored candles have the same close

D : When same-colored candles have the same close

Answer: C

Question 4

The Sharpe Ratio is defined as?

A : (expected return plus the risk free interest rate) divided by the standard deviation of returns

B : (expected return minus the risk free interest rate) divided by the standard deviation of returns

C : (expected return divided by the risk free interest rate) divided by the standard deviation of returns

D : (expected return times the risk free interest rate) divided by the standard deviation of returns

Answer: B

Question 5

Which of the following is NOT true in chart interpretation:

A : A price chart is a representation of human behavior

B : The goal is to find consistent, reliable and logical patterns

C : Chart patterns can be caused by commonly used trading techniques

D : The behavioral aspects of prices are irrational

Answer: D

Page: 1 / 36

Total 179 Questions | Updated On: Jun 17, 2026

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