CMT Level 1; (Chartered Market Technician - Level 1): Sample
Questions and Answers 100% Solved
Cycles are GENERALLY measured
a. High to low
b. Low to low
c. High to high
d. Either b or c Correct answer Answer: b. Low to low
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Techni...
CMT Level 1 ; (Chartered Market Technician - Level 1): Sample Questions and Answers 100% Solved Cycles are GENERALLY measured a. High to low b. Low to low c. High to high d. Either b or c Correct answer Answer: b. Low to low Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 19. This cycle principle states as stocks go through similar cycles, the size and magnitude will differ. a. Commonality b. Variation c. Summation d. Proportionality Correct answer Answer: b. Variation Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 19. In regards to cycle analysis, translation is: a. Distance between troughs b. Distance between peaks c. Useful in checking where the trend direction is headed or if it is changing d. To the left when the peak is beyond the halfway point Correct answer Answer: c. Useful in checking where the trend direction is headed or if it is changing CMT Level 1 ; (Chartered Market Technician - Level 1): Sample Questions and Answers 100% Solved Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 19. Which would be the MOST useful aspect of a cycle in studying the relationship between cycles of different lengths? a. Phase b. Period c. Amplitude d. None of the above Correct answer Answer: a. Phase Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 19. A complete Elliott wave cycle is made up of how many waves? a. 5 b. 3 c. 8 d. 13 Correct answer Answer: c. 8 Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 20. When analyzing long term price movements, it could be helpful to use which type of chart? a. Candle chart b. Logarithmic chart CMT Level 1 ; (Chartered Market Technician - Level 1): Sample Questions and Answers 100% Solved c. Bar chart d. Point and figure chart Correct answer Answer: b. Logarithmic chart Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 11. In a normal 5 -wave Elliott impulse wave, which wave is USUALLY expected to be the longest and most dynamic? a. 3rd b. 5th c. 1st d. 1st but sometimes 3rd Correct answer Answer: a. 3rd Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 20. Which of the following would MOST likely be a continuation pattern? a. Engulfing pattern b. Head and shoulders c. Double bottom d. Flag Correct answer Answer: d. Flag Reference: Edwards, Robert D. and Magee, John, Technical Analysis of Stock Trends, 9th Edition. Chapter 11. Which of the following would NOT be considered a support level? CMT Level 1 ; (Chartered Market Technician - Level 1): Sample Questions and Answers 100% Solved a. Previous high b. Previous low c. Trading range d. All the above are considered to be support levels Correct answer Answer: d. All the above are considered to be support levels Reference: Edwards, Robert D. and Magee, John, Technical Analysis of Stock Trends, 9th Edition. Chapter 13. According to Robert Rhea's hypotheses: I. The primary trend is inviolate II. The averages discount everything III. Dow Theory is not infallible IV. Dow Theory is predictable a. I and II b. I and III c. I, II, and III d. I, II, III, and IV Correct answer Answer: c. I, II, and III Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete Resource for Financial Market Technicians. Chapter 6. For a breakout or breakdown from a triangle to be considered valid it should occur NO MORE than _______ of the distance to the apex from the beginning of the pattern? a. One -half
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