CMT Association CMT-Level-II : CMT Level II Exam

  • Exam Code: CMT-Level-II
  • Exam Name: CMT Level II Exam
  • Updated: Sep 01, 2026   Q&As: 264 Questions and Answers

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About CMT Association CMT-Level-II Exam

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CMT Association CMT-Level-II Exam Syllabus Topics:
SectionObjectives
Topic 1: Advanced Technical Analysis Concepts- Cycle and Wave Analysis
  • 1. Market cycles
    • 2. Elliott Wave principles
      - Behavioral and Intermarket Analysis
      • 1. Intermarket relationships
        • 2. Investor psychology in trends
          Topic 2: Chart and Pattern Analysis- Candlestick and Price Action Analysis
          • 1. Support and resistance structures
            • 2. Candlestick formations
              - Classical Chart Patterns
              • 1. Reversal patterns
                • 2. Continuation patterns
                  Topic 3: Market Analysis Foundations- Market Structure and Behavior
                  • 1. Trend formation concepts
                    • 2. Market participants and mechanics
                      Topic 4: Technical Indicators and Systems- Trend and Momentum Indicators
                      • 1. Oscillators and momentum tools
                        • 2. Moving averages
                          - System Construction and Validation
                          • 1. Risk-adjusted performance measures
                            • 2. Backtesting concepts
                              CMT Association CMT Level II Sample Questions:

                              Question 1

                              If 300 shares traded at a certain price which of the following conclusions cant be drawn from this given situation?

                              A. Traders would record four bars at that price
                              B. Traders could determine the price at which supply and demand were equalized
                              C. Traders could determine the support
                              D. Traders could determine the resistance zones


                              Question 2

                              Beta measures:

                              A. how much an individual stock's return is related to the market return.
                              B. how much an individual stock's volatility is related to the market volatility.
                              C. the relation between a portfolio's volatility and market volatility.
                              D. the relation between a portfolio's return and market return.


                              Question 3

                              Which of the following describes the McClellan Oscillator?

                              A. It is the sum of two exponential moving averages
                              B. It is a breadth momentum oscillator
                              C. On days when prices close higher, it is assumed that all volume is represented by sellers
                              D. It is used for longer-range trading compared to the McClellan Summation Index which is more useful for short term trading


                              Question 4

                              If we increase the sample size what effect does it have on the approximation/outcome of the statistical tests?

                              A. The approximation will not improve
                              B. The approximation will improve
                              C. The approximation will decrease
                              D. It has no effect on the approximation


                              Question 5

                              Based on the chart below, interpret the on balance volume (OBV) indicator with respect to price action:

                              A. Prices are higher but OBV is sideways which can't be interpreted.
                              B. Negative divergence between price and indicator suggest distribution is taking place at top.
                              C. Prices are consolidating but OBV direction has turned higher which indicates accumulation by long term traders.
                              D. Positive divergence between price and indicator suggest uptrend is weak and near reversal.


                              Solutions:

                              Question 1
                              Answer: A
                              Question 2
                              Answer: A
                              Question 3
                              Answer: B
                              Question 4
                              Answer: B
                              Question 5
                              Answer: B

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