Smartly Prepare Exam with Free Online CMT-Level-II Practice Test

We offer the latest CMT-Level-II practice test designed for free and effective online Chartered Market Technician - Level II certification preparation. It's a simulation of the real CMT-Level-II exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.

Question 1

Counterattack lines are formed when:

Options :

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 2

Which of the following point and figure trading techniques limits risk compared to more basic trading rules?

Options :

A :

Buy or sell as soon as a new column is created on the chart

B :

Close out your trade on the second reversal back in the direction of the original signal

C :

Take small consistent profits, but allow large, windfall profitable positions to run

D :

Buy or sell on pullbacks after initial trade signal

Answer: D

Question 3

Which of the following is NOT true in chart interpretation:

Options :

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

Question 4

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

Options :

A :

Price, momentum and volume

B :

Price, pattern and volume

C :

Waves, alternation and reversals

D :

Pattern, ratio and time

Answer: D

Question 5

The "Rising 3 Methods" candlestick pattern is: I. Bullish II. Bearish III. Long White Body followed by a series of smaller falling candles IV. Long Black Body followed by a series of smaller rising candles

Options :

A :

I & III

B :

I & IV

C :

II & III

D :

II & IV

Answer: A